Looking to diversify beyond QEFA? The ETFs below have the lowest correlation with QEFA — 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 QEFA.
Best Diversifiers for QEFA
230 ETFs have low correlation with QEFA (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.32 | -0.27 | 61 | Leveraged Currency | QEFA vs YCS | |
| United States Brent Oil Fund LP | -0.34 | -0.07 | 0.07 | 65 | Oil & Gas | QEFA vs BNO | |
| United States Oil Fund LP | -0.34 | -0.07 | 0.07 | 66 | Oil & Gas | QEFA vs USO | |
| Invesco DB Energy Fund | -0.34 | -0.07 | 0.07 | 71 | Oil & Gas | QEFA vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.32 | — | — | 56 | Derivative Income | QEFA vs USOY |
See all 1595 diversifiers for QEFA
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