Looking to balance out your exposure to QCOM? The ETFs below have historically moved differently from QCOM, 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 QCOM
69 ETFs have low correlation with QCOM (below 0.3), 15 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.13, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.07 | -0.04 | 100 | Government Bonds, Ultrashort Bond | QCOM vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.04 | -0.02 | 100 | Ultrashort Bond | QCOM vs SGOV | |
| Vanguard Ultra-Short Treasury ETF | -0.08 | — | — | 100 | Ultrashort Bond, Government Bonds | QCOM vs VGUS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.04 | -0.00 | 100 | Government Bonds, Ultrashort Bond | QCOM vs BIL | |
| Alerian MLP ETF | -0.06 | 0.15 | 0.25 | 55 | MLPs | QCOM vs AMLP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QCOM, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.29, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.29 | -0.12 | -0.02 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.26 | -0.11 | 0.03 | 86 | Consumer Defensive | |
| Chubb Limited | -0.22 | -0.05 | 0.10 | 87 | Financial Services | |
| Exelon Corporation | -0.22 | -0.10 | 0.03 | 51 | Utilities | |
| Philip Morris International Inc. | -0.19 | -0.06 | 0.05 | 63 | Consumer Defensive |
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