Looking to diversify beyond NXG? The mutual funds below have the lowest correlation with NXG — 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 NXG.
Best Diversifiers for NXG
5 mutual funds have low correlation with NXG (below 0.3), 0 of which are negatively correlated. The least correlated is Abrdn Global Infrastructure Income Fund (ASGI) (Industrials Equities) with a 1Y correlation of 0.19, down from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Abrdn Global Infrastructure Income Fund | 0.19 | 0.29 | — | 51 | Industrials Equities | NXG vs ASGI | |
| Janus Henderson Global Equity Income Fund Class T | 0.19 | 0.27 | — | 72 | Global Equity Income | NXG vs HFQTX | |
| Janus Henderson International Dividend Fund Class ... | 0.22 | 0.25 | — | 53 | Global Equity Income | NXG vs HDQVX | |
| Janus Henderson International Dividend Fund Class ... | 0.22 | 0.25 | — | 55 | Global Equity Income | NXG vs HDDVX | |
| Neuberger Berman MLP | 0.26 | 0.37 | — | 53 | MLPs, Energy Equities | NXG vs NML |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NXG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXG and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.02 | 0.14 | 0.20 | 74 | Real Estate | |
| Equinix, Inc. | 0.11 | 0.23 | 0.28 | 86 | Real Estate | |
| Trinity Capital Inc. | 0.12 | 0.26 | — | 91 | Financial Services | |
| Dynex Capital, Inc. | 0.12 | 0.19 | — | 79 | Real Estate | |
| Annaly Capital Management, Inc. | 0.15 | 0.23 | 0.28 | 86 | Real Estate |
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Build a portfolio that complements NXG
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