Looking to diversify beyond LQDI? The ETFs below have historically moved differently from LQDI, 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 LQDI
387 ETFs have low correlation with LQDI (below 0.3), 86 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.32 | -0.34 | 56 | Leveraged Currency | LQDI vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | -0.18 | -0.18 | 55 | Cryptocurrency, Leveraged Cryptocurrency | LQDI vs SBIT | |
| ProShares Short Bitcoin ETF | -0.22 | -0.16 | — | 61 | Cryptocurrency | LQDI vs BITI | |
| Invesco DB Energy Fund | -0.22 | -0.07 | 0.03 | 72 | Oil & Gas | LQDI vs DBE | |
| United States Brent Oil Fund LP | -0.22 | -0.07 | 0.03 | 52 | Oil & Gas | LQDI vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LQDI, 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 Liquidia Corporation (LQDA) (Healthcare) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Liquidia Corporation | 0.13 | 0.13 | 0.13 | 98 | Healthcare | |
| AGNC Investment Corp. | 0.36 | 0.43 | 0.38 | 79 | Real Estate |
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