Looking to diversify beyond QID? The ETFs below have the lowest correlation with QID — 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 QID.
Best Diversifiers for QID
1573 ETFs have low correlation with QID (below 0.3), 1537 of which are negatively correlated. The least correlated is ProShares Ultra QQQ (QLD) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra QQQ | -1.00 | -1.00 | -1.00 | 67 | Leveraged Equities | QID vs QLD | |
| ProShares UltraPro QQQ | -1.00 | -1.00 | -1.00 | 68 | Leveraged Equities | QID vs TQQQ | |
| Invesco NASDAQ 100 ETF | -1.00 | -1.00 | -1.00 | 72 | Nasdaq-100 | QID vs QQQM | |
| Invesco QQQ ETF | -1.00 | -1.00 | -1.00 | 72 | Nasdaq-100 | QID vs QQQ | |
| Tradr 2X Long Triple Q Monthly ETF | -1.00 | — | — | 63 | Leveraged Equities | QID vs MQQQ |
See all 1573 diversifiers for QID
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