Looking to balance out your exposure to CQP? The ETFs below have historically moved differently from CQP, 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 CQP
3 ETFs have low correlation with CQP (below 0.3), 3 of which are negatively correlated. The least correlated is NEOS S&P 500 High Income ETF (SPYI) (Derivative Income) with a 1Y correlation of -0.11, down from 0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NEOS S&P 500 High Income ETF | -0.11 | 0.08 | — | 73 | Derivative Income, S&P 500 | CQP vs SPYI | |
| State Street SPDR S&P 500 ETF | -0.11 | 0.09 | 0.21 | 71 | S&P 500 | CQP vs SPY | |
| Vanguard S&P 500 ETF | -0.09 | 0.09 | 0.21 | 72 | S&P 500 | CQP vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CQP, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.08, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | 0.01 | 0.10 | 63 | Technology | |
| Williams-Sonoma, Inc. | -0.06 | 0.05 | 0.11 | 63 | Consumer Cyclical | |
| Aveanna Healthcare Holdings Inc. | -0.05 | 0.07 | 0.08 | 91 | Healthcare | |
| Tokio Marine Holdings Inc | 0.07 | 0.11 | 0.12 | 60 | Financial Services | |
| NNN REIT, Inc. | 0.09 | 0.14 | 0.18 | 76 | Real Estate |
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