Looking to diversify beyond QGRO? The ETFs below have historically moved differently from QGRO, 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 QGRO
326 ETFs have low correlation with QGRO (below 0.3), 85 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.36 | — | 51 | Cryptocurrency | QGRO vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 69 | Derivative Income | QGRO vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.05 | 66 | Oil & Gas | QGRO vs DBE | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | -0.02 | -0.02 | 52 | Derivative Income, Dividend | QGRO vs XOMO | |
| Invesco DB Oil Fund | -0.23 | -0.05 | 0.05 | 51 | Oil & Gas | QGRO vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QGRO, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.01, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.01 | 0.25 | 0.40 | 61 | Financial Services | |
| Amazon.com, Inc | 0.54 | 0.60 | 0.66 | 72 | Consumer Cyclical |
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