Looking to diversify beyond CQQQ? The ETFs below have the lowest correlation with CQQQ — 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 CQQQ.
Best Diversifiers for CQQQ
555 ETFs have low correlation with CQQQ (below 0.3), 62 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 53 | Inverse Equities | CQQQ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 60 | Inverse Equities, Leveraged Equities | CQQQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 65 | Derivative Income | CQQQ vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.17 | -0.19 | -0.19 | 51 | Multistrategy | CQQQ vs RSBY | |
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.02 | 0.02 | 100 | Ultrashort Bond | CQQQ vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CQQQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CQQQ and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.32, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.32 | -0.10 | -0.03 | 51 | Industrials | |
| Chubb Limited | -0.28 | -0.10 | 0.01 | 83 | Financial Services | |
| Duke Energy Corporation | -0.22 | -0.03 | -0.03 | 63 | Utilities | |
| The Coca-Cola Company | -0.17 | 0.02 | 0.05 | 82 | Consumer Defensive | |
| The Southern Company | -0.17 | 0.01 | -0.00 | 55 | Utilities |
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