Looking to diversify beyond QLDY? The ETFs below have the lowest correlation with QLDY — 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 QLDY.
Best Diversifiers for QLDY
331 ETFs have low correlation with QLDY (below 0.3), 50 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.21, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.21 | -0.21 | -0.21 | 55 | Leveraged Equities | QLDY vs NRGU | |
| State Street Energy Select Sector SPDR ETF | -0.20 | -0.20 | -0.20 | 59 | Energy Equities | QLDY vs XLE | |
| ProShares Ultra Oil & Gas | -0.20 | -0.20 | -0.20 | 53 | Leveraged Equities | QLDY vs DIG | |
| Pacer American Energy Independence ETF | -0.18 | -0.18 | -0.18 | 50 | Energy Equities | QLDY vs USAI | |
| iShares U.S. Energy ETF | -0.18 | -0.18 | -0.18 | 60 | Energy Equities | QLDY vs IYE |
See all 1503 diversifiers for QLDY
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