Looking to diversify beyond QID? The ETFs below have historically moved differently from QID, 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 QID
1722 ETFs have low correlation with QID (below 0.3), 1631 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -1.00 | — | — | 60 | Nasdaq-100, Dividend | QID vs GPIQ | |
| Invesco ESG NASDAQ 100 ETF | -0.99 | -0.99 | — | 51 | Nasdaq-100 | QID vs QQMG | |
| Global X Nasdaq 100 Covered Call & Growth ETF | -0.98 | -0.97 | -0.97 | 66 | Nasdaq-100, Derivative Income | QID vs QYLG | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | -0.98 | — | — | 56 | Derivative Income, Options Trading | QID vs QDTE | |
| Astoria US Quality Growth Kings ETF | -0.98 | — | — | 64 | Quality Factor, Large Cap Growth Equities | QID vs GQQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QID, 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 0.12, up from -0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.12 | -0.14 | -0.34 | 61 | Financial Services |
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