Looking to balance out your exposure to QFIN? The ETFs below have historically moved differently from QFIN, 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 QFIN
7 ETFs have low correlation with QFIN (below 0.3), 1 of which are negatively correlated. The least correlated is Barclays ETN+ Select MLP ETN (ATMP) (MLPs) with a 1Y correlation of -0.10, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Barclays ETN+ Select MLP ETN | -0.10 | 0.13 | 0.19 | 68 | MLPs | QFIN vs ATMP | |
| Global X SuperDividend U.S. ETF | 0.11 | 0.21 | 0.24 | 84 | Mid Cap Value Equities, Dividend | QFIN vs DIV | |
| Virtus Seix Senior Loan ETF | 0.12 | 0.10 | 0.08 | 96 | Bank Loan, High Yield Bonds, Actively Managed | QFIN vs SEIX | |
| VanEck Semiconductor ETF | 0.19 | 0.20 | 0.30 | 87 | Semiconductors, Technology Equities | QFIN vs SMH | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.19 | 0.21 | 0.31 | 90 | Leveraged Equities, Semiconductors | QFIN vs SOXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QFIN, 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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.12, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.12 | 0.09 | 0.16 | 85 | Energy | |
| Equinor ASA | -0.12 | 0.10 | 0.15 | 86 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.03 | 0.09 | 84 | Energy | |
| The Williams Companies, Inc. | -0.10 | 0.10 | 0.12 | 74 | Energy | |
| Walmart Inc. | -0.10 | 0.02 | 0.05 | 62 | Consumer Defensive |
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