Looking to diversify beyond QBY? The ETFs below have the lowest correlation with QBY — 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 QBY.
Best Diversifiers for QBY
2 ETFs have low correlation with QBY (below 0.3), 1 of which are negatively correlated. The least correlated is FT Energy Income Partners Enhanced Income ETF (EIPI) (Derivative Income) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Enhanced Income ETF | -0.01 | -0.01 | -0.01 | 85 | Derivative Income | QBY vs EIPI | |
| GraniteShares 2x Long MU Daily ETF | 0.29 | 0.29 | 0.29 | 98 | Leveraged Equities | QBY vs MULL | |
| Day Hagan Smart Buffer ETF | 0.34 | 0.34 | 0.34 | 65 | Derivative Income | QBY vs DHSB | |
| Global X S&P 500 Risk Managed Income ETF | 0.39 | 0.39 | — | 63 | Derivative Income, S&P 500 | QBY vs XRMI | |
| First Trust Nasdaq BuyWrite Income ETF | 0.52 | 0.52 | 0.52 | 92 | Nasdaq-100, Derivative Income | QBY vs FTQI |
Diversification Analysis
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