Looking to diversify beyond IQLT? The ETFs below have historically moved differently from IQLT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IQLT
268 ETFs have low correlation with IQLT (below 0.3), 82 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.42 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IQLT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.42 | -0.31 | — | 61 | Cryptocurrency | IQLT vs BITI | |
| ProShares UltraShort Yen | -0.40 | -0.27 | -0.23 | 56 | Leveraged Currency | IQLT vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | IQLT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 52 | Inverse Equities | IQLT vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IQLT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | 0.11 | 0.18 | 66 | Communication Services | |
| Kinder Morgan, Inc. | -0.05 | 0.18 | 0.32 | 72 | Energy | |
| Berkshire Hathaway Inc. | 0.06 | 0.31 | 0.44 | 61 | Financial Services | |
| Visa Inc. | 0.18 | 0.32 | 0.45 | 53 | Financial Services | |
| NextEra Energy, Inc. | 0.20 | 0.26 | 0.35 | 77 | Utilities |
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