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
295 ETFs have low correlation with IQLT (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.26 | -0.23 | 63 | Leveraged Currency | IQLT vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.08 | 0.08 | 71 | Oil & Gas | IQLT vs DBE | |
| United States Oil Fund LP | -0.36 | -0.07 | 0.08 | 66 | Oil & Gas | IQLT vs USO | |
| United States Brent Oil Fund LP | -0.36 | -0.07 | 0.07 | 65 | Oil & Gas | IQLT vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | — | — | 56 | Derivative Income | IQLT vs USOY |
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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 0.01, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | 0.01 | 0.23 | 0.35 | 61 | Energy | |
| Verizon Communications Inc. | 0.04 | 0.14 | 0.20 | 62 | Communication Services | |
| AGNC Investment Corp. | 0.21 | 0.16 | 0.26 | 88 | Real Estate | |
| First Solar, Inc. | 0.26 | 0.33 | 0.35 | 82 | Technology | |
| Blackrock Municipal 2030 Target Term Trust | 0.26 | 0.28 | 0.27 | 83 | Financial Services |
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