Looking to diversify beyond FTQI? The ETFs below have the lowest correlation with FTQI — 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 FTQI.
Best Diversifiers for FTQI
417 ETFs have low correlation with FTQI (below 0.3), 95 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.07 | 0.10 | 71 | Oil & Gas | FTQI vs DBE | |
| United States Oil Fund LP | -0.29 | -0.06 | 0.09 | 66 | Oil & Gas | FTQI vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 55 | Derivative Income | FTQI vs USOY | |
| United States Brent Oil Fund LP | -0.26 | -0.05 | 0.10 | 65 | Oil & Gas | FTQI vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.25 | -0.03 | 0.11 | 55 | Oil & Gas | FTQI vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTQI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTQI and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.13, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.13 | 0.18 | 0.35 | 89 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | 0.01 | 0.17 | 0.25 | 72 | Energy | |
| Reaves Utility Income Trust | 0.45 | 0.41 | 0.45 | 79 | Financial Services |
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