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
202 ETFs have low correlation with QLDY (below 0.3), 41 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.30 | -0.30 | -0.30 | 65 | Oil & Gas | QLDY vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | -0.25 | -0.25 | 98 | Inflation-Protected Bonds | QLDY vs IBIC | |
| Direxion Daily Energy Bull 2X Shares | -0.21 | -0.21 | -0.21 | 61 | Leveraged Equities | QLDY vs ERX | |
| ProShares Ultra Oil & Gas | -0.20 | -0.20 | -0.20 | 61 | Leveraged Equities | QLDY vs DIG | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.19 | -0.19 | 71 | Commodities | QLDY vs GSG |
See all 1149 diversifiers for QLDY
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