Looking to diversify beyond IQDY? The ETFs below have the lowest correlation with IQDY — 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 IQDY.
Best Diversifiers for IQDY
304 ETFs have low correlation with IQDY (below 0.3), 47 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 | -0.35 | — | — | 53 | Inverse Equities | IQDY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 60 | Inverse Equities, Leveraged Equities | IQDY vs MSTZ | |
| ProShares UltraShort Yen | -0.33 | -0.23 | -0.20 | 75 | Leveraged Currency | IQDY vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 65 | Derivative Income | IQDY vs WNTR | |
| United States Gasoline Fund LP | -0.25 | -0.04 | 0.12 | 72 | Oil & Gas | IQDY vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IQDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IQDY and solid risk/return profiles. The least correlated is Zijin Mining Group Co Ltd ADR (ZIJMY) (Basic Materials) with a 1Y correlation of 0.46, up from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Zijin Mining Group Co Ltd ADR | 0.46 | 0.29 | 0.21 | 73 | Basic Materials |
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