Looking to diversify beyond NULG? The ETFs below have the lowest correlation with NULG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NULG.
Best Diversifiers for NULG
327 ETFs have low correlation with NULG (below 0.3), 83 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.08 | 0.05 | 71 | Oil & Gas | NULG vs DBE | |
| United States Oil Fund LP | -0.28 | -0.08 | 0.04 | 66 | Oil & Gas | NULG vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.07 | 0.04 | 65 | Oil & Gas | NULG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | -0.08 | -0.08 | 56 | Derivative Income | NULG vs USOY | |
| United States Gasoline Fund LP | -0.26 | -0.06 | 0.04 | 69 | Oil & Gas | NULG vs UGA |
See all 1604 diversifiers for NULG
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