Looking to diversify beyond UNG? The ETFs below have the lowest correlation with UNG — 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 UNG.
Best Diversifiers for UNG
1566 ETFs have low correlation with UNG (below 0.3), 1500 of which are negatively correlated. The least correlated is Innovator Russell 2000 Power Buffer ETF - July (KJUL) (Defined Outcome) with a 1Y correlation of -0.30, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Russell 2000 Power Buffer ETF - July | -0.30 | -0.07 | 0.03 | 88 | Defined Outcome | UNG vs KJUL | |
| Pacer BlueStar Engineering the Future ETF | -0.30 | -0.08 | — | 80 | Technology Equities | UNG vs BULD | |
| First Trust Institutional Preferred Securities & I... | -0.29 | -0.05 | 0.02 | 68 | Preferred Stock/Convertible Bonds | UNG vs FPEI | |
| Innovator U.S. Small Cap Power Buffer ETF - Octobe... | -0.28 | -0.07 | 0.02 | 80 | Defined Outcome | UNG vs KOCT | |
| Innovator U.S. Small Cap Power Buffer ETF - Decemb... | -0.28 | -0.15 | -0.15 | 66 | Defined Outcome | UNG vs KDEC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UNG and solid risk/return profiles. The least correlated is Rolls-Royce Holdings plc (RYCEY) (Industrials) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings plc | -0.15 | -0.02 | -0.01 | 80 | Industrials | |
| Kinder Morgan, Inc. | 0.20 | 0.21 | 0.22 | 71 | Energy |
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