Looking to diversify beyond CNQQ? The ETFs below have the lowest correlation with CNQQ — 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 CNQQ.
Best Diversifiers for CNQQ
508 ETFs have low correlation with CNQQ (below 0.3), 62 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | -0.31 | -0.31 | 53 | Inverse Equities | CNQQ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | -0.30 | -0.30 | 60 | Inverse Equities, Leveraged Equities | CNQQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | -0.30 | -0.30 | 65 | Derivative Income | CNQQ vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.22 | -0.22 | -0.22 | 51 | Multistrategy | CNQQ vs RSBY | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.20 | -0.20 | -0.20 | 96 | Inflation-Protected Bonds | CNQQ vs IBID |
See all 2034 diversifiers for CNQQ
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