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
45 ETFs have low correlation with QCOM (below 0.3), 5 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.06 | -0.03 | 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 | |
| iShares Treasury Floating Rate Bond ETF | -0.03 | -0.03 | -0.07 | 100 | Government Bonds, Ultrashort Bond | QCOM vs TFLO | |
| iShares 0-1 Year Treasury Bond ETF | -0.03 | 0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | QCOM vs SHV | |
| PIMCO Enhanced Short Maturity Active ETF | -0.01 | 0.05 | 0.08 | 100 | Ultrashort Bond | QCOM vs MINT |
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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 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.20 | -0.12 | -0.03 | 64 | Utilities | |
| RenaissanceRe Holdings Ltd. | -0.19 | -0.01 | 0.07 | 77 | Financial Services | |
| Exelon Corporation | -0.18 | -0.07 | 0.05 | 61 | Utilities | |
| The Coca-Cola Company | -0.17 | -0.08 | 0.06 | 74 | Consumer Defensive |
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Build a portfolio that complements QCOM
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