Looking to balance out your exposure to QABSY? The ETFs below have the lowest correlation with QABSY — they tend to move on their own, which can help reduce risk when QABSY drops. The stock ideas table highlights individual companies that behave independently from QABSY.
Best Diversifiers for QABSY
0 ETFs have low correlation with QABSY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.45, up from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.38 | 0.31 | 74 | S&P 500 | QABSY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QABSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QABSY and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 0.22 | 0.24 | 0.25 | 95 | Technology |
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