Looking to balance out your exposure to QDEL? The ETFs below have the lowest correlation with QDEL — they tend to move on their own, which can help reduce risk when QDEL drops. The stock ideas table highlights individual companies that behave independently from QDEL.
Best Diversifiers for QDEL
0 ETFs have low correlation with QDEL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.39, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.39 | 0.37 | 0.36 | 68 | S&P 500 | QDEL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QDEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QDEL and solid risk/return profiles. The least correlated is PBF Energy Inc. (PBF) (Energy) with a 1Y correlation of -0.06, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PBF Energy Inc. | -0.06 | 0.07 | 0.06 | 83 | Energy | |
| BASF SE ADR | 0.18 | 0.22 | 0.20 | 55 | Basic Materials | |
| Noble Corporation | 0.18 | 0.20 | 0.14 | 71 | Energy | |
| Penske Automotive Group, Inc. | 0.24 | 0.30 | 0.26 | 54 | Consumer Cyclical | |
| Arcos Dorados Holdings Inc. | 0.29 | 0.24 | 0.21 | 61 | Consumer Cyclical |
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