Looking to balance out your exposure to QBTS? The ETFs below have the lowest correlation with QBTS — they tend to move on their own, which can help reduce risk when QBTS drops. The stock ideas table highlights individual companies that behave independently from QBTS.
Best Diversifiers for QBTS
100 ETFs have low correlation with QBTS (below 0.3), 18 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.11, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.11 | -0.02 | — | 66 | Oil & Gas | QBTS vs USO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.05 | — | 100 | Government Bonds, Ultrashort Bond | QBTS vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.08 | -0.03 | — | 100 | Government Bonds, Ultrashort Bond | QBTS vs SHV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.07 | 0.00 | — | 93 | Inflation-Protected Bonds | QBTS vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | -0.07 | 0.01 | — | 93 | Inflation-Protected Bonds | QBTS vs STIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QBTS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QBTS and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.18, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.18 | -0.10 | -0.09 | 66 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.14 | -0.02 | -0.02 | 80 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | -0.07 | -0.07 | 53 | Utilities | |
| Chubb Limited | -0.12 | -0.08 | — | 51 | Financial Services | |
| Verizon Communications Inc. | -0.12 | -0.03 | -0.02 | 59 | Communication Services |
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