Looking to diversify beyond QCMD? The ETFs below have the lowest correlation with QCMD — 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 QCMD.
Best Diversifiers for QCMD
3 ETFs have low correlation with QCMD (below 0.3), 2 of which are negatively correlated. The least correlated is Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) (Nasdaq-100) with a 1Y correlation of -0.64, roughly unchanged from -0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion NASDAQ-100 Equal Weighted Index Shares | -0.64 | -0.64 | -0.64 | 54 | Nasdaq-100, Equal Weight | QCMD vs QQQE | |
| Direxion Daily S&P 500 Bull 3X ETF | -0.55 | -0.55 | -0.55 | 51 | Leveraged Equities, S&P 500 | QCMD vs SPXL | |
| Defiance Daily Target 2X Short MSTR ETF | 0.29 | 0.29 | 0.29 | 53 | Inverse Equities | QCMD vs SMST |
Diversification Analysis
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