Looking to balance out your exposure to BQ? The ETFs below have the lowest correlation with BQ — they tend to move on their own, which can help reduce risk when BQ drops. The stock ideas table highlights individual companies that behave independently from BQ.
Best Diversifiers for BQ
2 ETFs have low correlation with BQ (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.22, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.22 | 0.10 | 0.16 | 74 | Nasdaq-100 | BQ vs QQQ | |
| Vanguard S&P 500 ETF | 0.23 | 0.10 | 0.14 | 74 | S&P 500 | BQ vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BQ and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.22 | 0.11 | 0.14 | 90 | Technology |
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