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
107 ETFs have low correlation with IONQ (below 0.3), 15 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.12, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.12 | -0.14 | -0.16 | 51 | Currency | IONQ vs UUP | |
| Vanguard Ultra-Short Treasury ETF | -0.11 | — | — | 100 | Ultrashort Bond, Government Bonds | IONQ vs VGUS | |
| Alpha Architect 1-3 Month Box ETF | -0.08 | -0.02 | — | 100 | Ultrashort Bond | IONQ vs BOXX | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | 0.05 | 0.00 | 100 | Government Bonds, Ultrashort Bond | IONQ vs USFR | |
| iShares Core High Dividend ETF | -0.08 | 0.09 | 0.17 | 78 | Dividend, Large Cap Value Equities | IONQ vs HDV |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.22, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.22 | -0.09 | 0.02 | 53 | Industrials | |
| Coca-Cola Consolidated, Inc. | -0.21 | -0.01 | 0.08 | 83 | Consumer Defensive | |
| The Coca-Cola Company | -0.19 | -0.11 | -0.03 | 83 | Consumer Defensive | |
| Seneca Foods Corporation | -0.19 | -0.05 | 0.01 | 89 | Consumer Defensive | |
| Chubb Limited | -0.18 | -0.09 | 0.01 | 86 | Financial Services |
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