Looking to diversify beyond QCMU? The ETFs below have the lowest correlation with QCMU — 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 QCMU.
Best Diversifiers for QCMU
0 ETFs have low correlation with QCMU (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily S&P 500 Bull 3X ETF (SPXL) (Leveraged Equities) with a 1Y correlation of 0.55, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bull 3X ETF | 0.55 | 0.55 | 0.55 | 59 | Leveraged Equities, S&P 500 | QCMU vs SPXL | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.59 | 0.59 | 0.59 | 97 | Leveraged Equities, Semiconductors | QCMU vs SOXL | |
| Direxion NASDAQ-100 Equal Weighted Index Shares | 0.64 | 0.64 | 0.64 | 58 | Nasdaq-100, Equal Weight | QCMU vs QQQE |
Diversification Analysis
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