Looking to balance out your exposure to QBTS? The ETFs below have historically moved differently from QBTS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for QBTS
106 ETFs have low correlation with QBTS (below 0.3), 17 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.06 | — | 100 | Government Bonds, Ultrashort Bond | QBTS vs BIL | |
| United States Oil Fund LP | -0.09 | -0.01 | — | 55 | Oil & Gas | QBTS vs USO | |
| Vanguard Ultra-Short Treasury ETF | -0.08 | — | — | 100 | Ultrashort Bond, Government Bonds | QBTS vs VGUS | |
| iShares Core High Dividend ETF | -0.08 | 0.06 | — | 92 | Dividend, Large Cap Value Equities | QBTS vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.08 | 0.06 | — | 61 | Dividend, Low Volatility | QBTS vs LVHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QBTS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.26, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.26 | -0.13 | -0.11 | 90 | Consumer Defensive | |
| Altria Group, Inc. | -0.20 | -0.07 | -0.05 | 66 | Consumer Defensive | |
| Chubb Limited | -0.20 | -0.09 | -0.07 | 89 | Financial Services | |
| Colgate-Palmolive Company | -0.19 | -0.11 | -0.11 | 59 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.18 | -0.04 | -0.03 | 87 | Consumer Defensive |
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