Looking to diversify beyond LQDW? The ETFs below have historically moved differently from LQDW, 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 LQDW
455 ETFs have low correlation with LQDW (below 0.3), 108 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.21 | — | 72 | Oil & Gas | LQDW vs DBE | |
| United States Oil Fund LP | -0.43 | -0.21 | — | 55 | Oil & Gas | LQDW vs USO | |
| Invesco DB Oil Fund | -0.42 | -0.20 | — | 58 | Oil & Gas | LQDW vs DBO | |
| United States Brent Oil Fund LP | -0.40 | -0.20 | — | 52 | Oil & Gas | LQDW vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.40 | -0.17 | — | 67 | Commodities | LQDW vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LQDW, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.09 | 0.10 | 66 | Consumer Defensive | |
| LTC Properties, Inc. | -0.03 | 0.20 | 0.22 | 80 | Real Estate | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.06 | 0.06 | 0.06 | 57 | Technology | |
| DNP Select Income Fund Inc. | 0.09 | 0.23 | 0.27 | 89 | Financial Services | |
| Reaves Utility Income Trust | 0.20 | 0.28 | 0.32 | 55 | Financial Services |
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