Looking to diversify beyond IQLT? The ETFs below have the lowest correlation with IQLT — 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 IQLT.
Best Diversifiers for IQLT
247 ETFs have low correlation with IQLT (below 0.3), 59 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.58, roughly unchanged from -0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.58 | -0.53 | -0.58 | 51 | Currency | IQLT vs UUP | |
| ProShares UltraShort Yen | -0.42 | -0.27 | -0.23 | 72 | Leveraged Currency | IQLT vs YCS | |
| ProShares Short Bitcoin ETF | -0.40 | -0.31 | -0.33 | 57 | Cryptocurrency | IQLT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IQLT vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 60 | Inverse Equities | IQLT vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IQLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IQLT and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.04, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.04 | 0.20 | 0.33 | 77 | Energy | |
| Verizon Communications Inc. | -0.03 | 0.11 | 0.18 | 57 | Communication Services | |
| Berkshire Hathaway Inc. | 0.11 | 0.31 | 0.45 | 53 | Financial Services | |
| AGNC Investment Corp. | 0.18 | 0.16 | 0.26 | 89 | Real Estate | |
| NextEra Energy, Inc. | 0.21 | 0.26 | 0.35 | 73 | Utilities |
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