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
65 ETFs have low correlation with QCOM (below 0.3), 12 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.06 | -0.04 | 100 | Government Bonds, Ultrashort Bond | QCOM vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.04 | -0.02 | 100 | Ultrashort Bond | QCOM vs SGOV | |
| Vanguard Ultra-Short Treasury ETF | -0.05 | — | — | 100 | Ultrashort Bond, Government Bonds | QCOM vs VGUS | |
| iShares Treasury Floating Rate Bond ETF | -0.04 | -0.05 | -0.07 | 100 | Government Bonds, Ultrashort Bond | QCOM vs TFLO | |
| Alerian MLP ETF | -0.03 | 0.16 | 0.25 | 56 | MLPs | QCOM vs AMLP |
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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 -0.28, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.12 | -0.01 | 80 | Consumer Defensive | |
| The Coca-Cola Company | -0.23 | -0.11 | 0.04 | 84 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.14 | -0.04 | 64 | Utilities | |
| Exelon Corporation | -0.22 | -0.10 | 0.04 | 64 | Utilities | |
| Waste Management, Inc. | -0.22 | -0.05 | 0.07 | 56 | Industrials |
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Build a portfolio that complements QCOM
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