Looking to diversify beyond QLTA? The ETFs below have the lowest correlation with QLTA — 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 QLTA.
Best Diversifiers for QLTA
493 ETFs have low correlation with QLTA (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.46 | -0.47 | 61 | Leveraged Currency | QLTA vs YCS | |
| Invesco DB Oil Fund | -0.41 | -0.19 | -0.13 | 65 | Oil & Gas | QLTA vs DBO | |
| Invesco DB Energy Fund | -0.41 | -0.20 | -0.13 | 71 | Oil & Gas | QLTA vs DBE | |
| United States Gasoline Fund LP | -0.40 | -0.18 | -0.11 | 69 | Oil & Gas | QLTA vs UGA | |
| United States Brent Oil Fund LP | -0.40 | -0.20 | -0.14 | 65 | Oil & Gas | QLTA vs BNO |
See all 1595 diversifiers for QLTA
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