Looking to diversify beyond QDPL? The ETFs below have the lowest correlation with QDPL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from QDPL.
Best Diversifiers for QDPL
277 ETFs have low correlation with QDPL (below 0.3), 70 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 68 | Inverse Equities, Leveraged Equities | QDPL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | -0.38 | 57 | Cryptocurrency | QDPL vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | QDPL vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | QDPL vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.24 | -0.30 | 51 | Currency | QDPL vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QDPL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QDPL and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.18, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | 0.04 | 0.20 | 75 | Energy | |
| Enterprise Products Partners L.P. | -0.08 | 0.19 | 0.30 | 87 | Energy | |
| MPLX LP | 0.00 | 0.22 | 0.32 | 82 | Energy | |
| Berkshire Hathaway Inc. | 0.09 | 0.28 | 0.44 | 53 | Financial Services | |
| Texas Pacific Land Corporation | 0.12 | 0.24 | 0.30 | 57 | Energy |
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