Looking to diversify beyond QCLN? The ETFs below have historically moved differently from QCLN, 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 QCLN
446 ETFs have low correlation with QCLN (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.35 | — | 61 | Cryptocurrency | QCLN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | QCLN vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 61 | Inverse Equities, Leveraged Equities | QCLN vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 75 | Derivative Income | QCLN vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.25 | -0.09 | — | 56 | Options Trading | QCLN vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QCLN, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.07 | 0.10 | 0.17 | 72 | Energy | |
| Diamondback Energy, Inc. | 0.00 | 0.18 | 0.26 | 79 | Energy | |
| Monster Beverage Corporation | 0.03 | 0.16 | 0.25 | 94 | Consumer Defensive | |
| Eli Lilly and Company | 0.06 | 0.11 | 0.13 | 83 | Healthcare | |
| Crocs, Inc. | 0.11 | 0.35 | 0.48 | 63 | Consumer Cyclical |
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