Looking to diversify beyond QAI? The ETFs below have the lowest correlation with QAI — 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 QAI.
Best Diversifiers for QAI
253 ETFs have low correlation with QAI (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.01 | 0.12 | 71 | Oil & Gas | QAI vs DBE | |
| United States Oil Fund LP | -0.27 | 0.01 | 0.12 | 66 | Oil & Gas | QAI vs USO | |
| United States Brent Oil Fund LP | -0.25 | 0.01 | 0.12 | 65 | Oil & Gas | QAI vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.24 | — | — | 56 | Derivative Income | QAI vs USOY | |
| United States Gasoline Fund LP | -0.24 | 0.01 | 0.10 | 71 | Oil & Gas | QAI vs UGA |
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