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
96 ETFs have low correlation with QBTS (below 0.3), 15 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.12, roughly unchanged from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.12 | -0.13 | — | 51 | Currency | QBTS vs UUP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.05 | — | 100 | Government Bonds, Ultrashort Bond | QBTS vs BIL | |
| Vanguard Ultra-Short Treasury ETF | -0.09 | — | — | 100 | Ultrashort Bond, Government Bonds | QBTS vs VGUS | |
| Alpha Architect 1-3 Month Box ETF | -0.08 | -0.02 | — | 100 | Ultrashort Bond | QBTS vs BOXX | |
| iShares 0-1 Year Treasury Bond ETF | -0.06 | -0.03 | — | 100 | Government Bonds, Ultrashort Bond | QBTS vs SHV |
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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 -0.23, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.23 | -0.12 | -0.10 | 83 | Consumer Defensive | |
| Waste Management, Inc. | -0.21 | -0.06 | -0.05 | 53 | Industrials | |
| Chubb Limited | -0.18 | -0.08 | — | 86 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.17 | -0.03 | -0.02 | 83 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.15 | -0.10 | -0.10 | 53 | Consumer Defensive |
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