Looking to diversify beyond QGRO? The ETFs below have the lowest correlation with QGRO — 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 QGRO.
Best Diversifiers for QGRO
297 ETFs have low correlation with QGRO (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.06 | 71 | Oil & Gas | QGRO vs DBE | |
| United States Oil Fund LP | -0.31 | -0.06 | 0.05 | 66 | Oil & Gas | QGRO vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.06 | 0.06 | 65 | Oil & Gas | QGRO vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.03 | 0.07 | 55 | Oil & Gas | QGRO vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.08 | -0.08 | 56 | Derivative Income | QGRO vs USOY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QGRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QGRO and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.56, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.56 | 0.62 | 0.67 | 60 | Consumer Cyclical |
Build a portfolio that complements QGRO
Add QGRO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QGRO