Looking to diversify beyond PSQ? The ETFs below have the lowest correlation with PSQ — 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 PSQ.
Best Diversifiers for PSQ
1591 ETFs have low correlation with PSQ (below 0.3), 1512 of which are negatively correlated. The least correlated is ProShares Ultra QQQ (QLD) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra QQQ | -1.00 | -1.00 | -1.00 | 69 | Leveraged Equities | PSQ vs QLD | |
| ProShares UltraPro QQQ | -1.00 | -1.00 | -1.00 | 71 | Leveraged Equities | PSQ vs TQQQ | |
| Invesco QQQ ETF | -1.00 | -1.00 | -1.00 | 73 | Nasdaq-100 | PSQ vs QQQ | |
| Invesco NASDAQ 100 ETF | -1.00 | -1.00 | -1.00 | 74 | Nasdaq-100 | PSQ vs QQQM | |
| Tradr 2X Long Triple Q Monthly ETF | -1.00 | — | — | 66 | Leveraged Equities | PSQ vs MQQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSQ and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.69, roughly unchanged from -0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.69 | -0.71 | -0.74 | 98 | Technology | |
| Applied Materials, Inc. | -0.66 | -0.70 | -0.74 | 96 | Technology | |
| Broadcom Inc. | -0.64 | -0.73 | -0.75 | 84 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.64 | -0.67 | -0.68 | 95 | Technology | |
| NVIDIA Corporation | -0.63 | -0.71 | -0.78 | 78 | Technology |
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Build a portfolio that complements PSQ
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