Looking to diversify beyond LQDW? The ETFs below have the lowest correlation with LQDW — 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 LQDW.
Best Diversifiers for LQDW
403 ETFs have low correlation with LQDW (below 0.3), 85 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.18 | — | 53 | Oil & Gas | LQDW vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.39 | -0.30 | -0.33 | 51 | Currency | LQDW vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.16 | — | 51 | Commodities | LQDW vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.37 | — | — | 51 | Commodities | LQDW vs DCMT | |
| ProShares UltraShort Yen | -0.36 | -0.32 | — | 72 | Leveraged Currency | LQDW vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LQDW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LQDW and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.05 | 0.09 | — | 81 | Consumer Defensive | |
| LTC Properties, Inc. | -0.02 | 0.20 | — | 74 | Real Estate | |
| DNP Select Income Fund Inc. | 0.15 | 0.24 | 0.28 | 93 | Financial Services | |
| Reaves Utility Income Trust | 0.19 | 0.28 | 0.32 | 74 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.24 | 0.27 | — | 69 | Financial Services |
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