Looking to diversify beyond CNQQ? The ETFs below have historically moved differently from CNQQ, 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 CNQQ
644 ETFs have low correlation with CNQQ (below 0.3), 92 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.32, roughly unchanged from -0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | -0.32 | -0.32 | 52 | Inverse Equities | CNQQ vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | -0.32 | -0.32 | 75 | Derivative Income | CNQQ vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | -0.31 | -0.31 | 61 | Inverse Equities, Leveraged Equities | CNQQ vs MSTZ | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | -0.22 | -0.22 | 98 | Inflation-Protected Bonds | CNQQ vs IBIC | |
| YieldMax XOM Option Income Strategy ETF | -0.21 | -0.21 | -0.21 | 51 | Derivative Income, Dividend | CNQQ vs XOMO |
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