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
307 ETFs have low correlation with LQDW (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.32 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.32 | — | 61 | Leveraged Currency | LQDW vs YCS | |
| VanEck Commodity Strategy ETF | -0.28 | -0.08 | — | 55 | Commodities | LQDW vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.27 | -0.07 | — | 70 | Commodities | LQDW vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.26 | -0.06 | -0.00 | 53 | Commodities | LQDW vs FTGC | |
| Fidelity Managed Futures ETF | -0.24 | -0.24 | -0.24 | 64 | Systematic Trend | LQDW vs FFUT |
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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 LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of -0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | -0.01 | 0.19 | 0.23 | 59 | Real Estate | |
| DNP Select Income Fund Inc. | 0.15 | 0.24 | 0.28 | 88 | Financial Services | |
| Reaves Utility Income Trust | 0.21 | 0.28 | 0.33 | 81 | Financial Services |
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