Looking to diversify beyond QEFA? The ETFs below have historically moved differently from QEFA, 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 QEFA
204 ETFs have low correlation with QEFA (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.33 | -0.28 | 56 | Leveraged Currency | QEFA vs YCS | |
| ProShares Short Bitcoin ETF | -0.37 | -0.27 | — | 61 | Cryptocurrency | QEFA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | QEFA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | QEFA vs MSTZ | |
| Invesco DB Energy Fund | -0.33 | -0.11 | 0.06 | 72 | Oil & Gas | QEFA vs DBE |
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