Looking to diversify beyond QBTX? The ETFs below have the lowest correlation with QBTX — 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 QBTX.
Best Diversifiers for QBTX
4 ETFs have low correlation with QBTX (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2x Micron Technology ETC GBP (2MU.L) (Leveraged Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2x Micron Technology ETC GBP | 0.20 | 0.18 | 0.18 | 99 | Leveraged Equities | QBTX vs 2MU.L | |
| GraniteShares 2x Long DELL Daily ETF | 0.27 | — | — | 96 | Leveraged Equities | QBTX vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 0.27 | — | — | 99 | Leveraged Equities, Semiconductors | QBTX vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 0.27 | — | — | 98 | Leveraged Equities | QBTX vs MULL | |
| GraniteShares 2x Long INTC Daily ETF | 0.30 | — | — | 97 | Leveraged Equities | QBTX vs INTW |
See all 14 diversifiers for QBTX
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