Looking to diversify beyond QIS? The ETFs below have the lowest correlation with QIS — 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 QIS.
Best Diversifiers for QIS
1564 ETFs have low correlation with QIS (below 0.3), 492 of which are negatively correlated. The least correlated is Invesco California AMT-Free Municipal Bond ETF (PWZ) (Municipal Bonds) with a 1Y correlation of -0.21, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco California AMT-Free Municipal Bond ETF | -0.21 | -0.08 | -0.08 | 63 | Municipal Bonds | QIS vs PWZ | |
| First Trust Short Duration Managed Municipal ETF | -0.20 | — | — | 78 | Municipal Bonds | QIS vs FSMB | |
| State Street Ultra Short Term Bond ETF | -0.20 | -0.10 | -0.10 | 98 | Ultrashort Bond | QIS vs ULST | |
| Eaton Vance Short Duration Municipal Income ETF | -0.19 | -0.02 | -0.02 | 84 | Municipal Bonds | QIS vs EVSM | |
| Invesco BulletShares 2030 Municipal Bond ETF | -0.19 | — | — | 68 | Municipal Bonds | QIS vs BSMU |
See all 1569 diversifiers for QIS
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