Looking to diversify beyond QIS? The ETFs below have historically moved differently from QIS, 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 QIS
1665 ETFs have low correlation with QIS (below 0.3), 492 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Capital Group Municipal High-Income ETF | -0.26 | — | — | 91 | High Yield Muni | QIS vs CGHM | |
| Invesco California AMT-Free Municipal Bond ETF | -0.25 | -0.10 | — | 80 | Municipal Bonds | QIS vs PWZ | |
| Vanguard Tax-Exempt Bond ETF | -0.24 | -0.05 | -0.05 | 74 | Municipal Bonds | QIS vs VTEB | |
| State Street Ultra Short Term Bond ETF | -0.24 | -0.11 | — | 99 | Ultrashort Bond | QIS vs ULST | |
| Eaton Vance Short Duration Municipal Income ETF | -0.24 | — | — | 84 | Municipal Bonds | QIS vs EVSM |
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