Looking to diversify beyond UNG? The ETFs below have historically moved differently from UNG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UNG
1721 ETFs have low correlation with UNG (below 0.3), 1573 of which are negatively correlated. The least correlated is Innovator Russell 2000 Power Buffer ETF - July (KJUL) (Defined Outcome) with a 1Y correlation of -0.29, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Russell 2000 Power Buffer ETF - July | -0.29 | -0.07 | 0.03 | 88 | Defined Outcome | UNG vs KJUL | |
| Innovator U.S. Small Cap Power Buffer ETF | -0.27 | — | — | 92 | Defined Outcome | UNG vs KAUG | |
| Innovator U.S. Small Cap Power Buffer ETF - Octobe... | -0.27 | -0.07 | 0.02 | 91 | Defined Outcome | UNG vs KOCT | |
| Goldman Sachs ActiveBeta US Small Cap Equity ETF | -0.27 | -0.07 | 0.03 | 76 | Small Cap Growth Equities | UNG vs GSSC | |
| FT Vest Rising Dividend Achievers Target Income ET... | -0.26 | -0.04 | — | 87 | Derivative Income | UNG vs RDVI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UNG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Rolls-Royce Holdings plc (RYCEY) (Industrials) with a 1Y correlation of -0.09, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings plc | -0.09 | -0.01 | -0.01 | 76 | Industrials | |
| Nestlé S.A. | -0.09 | -0.04 | 0.01 | 70 | Consumer Defensive | |
| New Oriental Education & Technology Group Inc. | 0.02 | 0.02 | -0.04 | 72 | Consumer Defensive | |
| Texas Pacific Land Corporation | 0.07 | 0.08 | 0.11 | 62 | Energy | |
| Enbridge Inc. | 0.11 | 0.10 | 0.16 | 85 | Energy |
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