Looking to balance out your exposure to IONQ? The ETFs below have the lowest correlation with IONQ — they tend to move on their own, which can help reduce risk when IONQ drops. The stock ideas table highlights individual companies that behave independently from IONQ.
Best Diversifiers for IONQ
112 ETFs have low correlation with IONQ (below 0.3), 9 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.08, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.08 | 0.03 | 0.05 | 66 | Oil & Gas | IONQ vs USO | |
| iShares 0-1 Year Treasury Bond ETF | -0.08 | -0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | IONQ vs SHV | |
| Alpha Architect 1-3 Month Box ETF | -0.08 | -0.02 | -0.02 | 100 | Ultrashort Bond | IONQ vs BOXX | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.04 | -0.03 | -0.03 | 100 | Ultrashort Bond | IONQ vs VBIL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | IONQ vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IONQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IONQ and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.16, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.16 | -0.11 | -0.02 | 66 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.15 | -0.00 | 0.08 | 80 | Consumer Defensive | |
| Johnson & Johnson | -0.13 | -0.07 | -0.02 | 92 | Healthcare | |
| Chubb Limited | -0.11 | -0.08 | 0.03 | 51 | Financial Services | |
| Walmart Inc. | -0.10 | 0.07 | 0.10 | 63 | Consumer Defensive |
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