Looking to diversify beyond QDPL? The ETFs below have historically moved differently from QDPL, 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 QDPL
327 ETFs have low correlation with QDPL (below 0.3), 90 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | — | — | 61 | Inverse Equities, Leveraged Equities | QDPL vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 75 | Derivative Income | QDPL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.48 | -0.37 | — | 61 | Cryptocurrency | QDPL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | QDPL vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.39 | -0.08 | — | 56 | Options Trading | QDPL vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QDPL, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.22, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.22 | 0.03 | 0.18 | 84 | Energy | |
| Enterprise Products Partners L.P. | -0.12 | 0.17 | 0.29 | 89 | Energy | |
| MPLX LP | -0.03 | 0.21 | 0.31 | 79 | Energy | |
| Berkshire Hathaway Inc. | 0.05 | 0.28 | 0.43 | 61 | Financial Services | |
| Texas Pacific Land Corporation | 0.12 | 0.24 | 0.30 | 62 | Energy |
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