Looking to balance out your exposure to QCOM? The ETFs below have the lowest correlation with QCOM — they tend to move on their own, which can help reduce risk when QCOM drops. The stock ideas table highlights individual companies that behave independently from QCOM.
Best Diversifiers for QCOM
60 ETFs have low correlation with QCOM (below 0.3), 13 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.16, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.16 | -0.01 | 0.07 | 66 | Oil & Gas | QCOM vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.13 | 0.02 | 0.09 | 54 | Leveraged Commodities | QCOM vs UCO | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | QCOM vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.05 | -0.02 | 100 | Ultrashort Bond | QCOM vs SGOV | |
| PIMCO Enhanced Short Maturity Active ETF | -0.04 | 0.05 | 0.08 | 100 | Ultrashort Bond | QCOM vs MINT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QCOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QCOM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.09 | 0.00 | 73 | Consumer Defensive | |
| Duke Energy Corporation | -0.19 | -0.13 | -0.03 | 57 | Utilities | |
| Exelon Corporation | -0.18 | -0.08 | 0.05 | 53 | Utilities | |
| Cboe Global Markets, Inc. | -0.16 | -0.17 | 0.04 | 71 | Financial Services | |
| Walmart Inc. | -0.16 | 0.02 | 0.11 | 66 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements QCOM
Add QCOM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QCOM