Looking to diversify beyond QLV? The ETFs below have the lowest correlation with QLV — 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 QLV.
Best Diversifiers for QLV
250 ETFs have low correlation with QLV (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.07 | -0.06 | 63 | Leveraged Currency | QLV vs YCS | |
| United States Gasoline Fund LP | -0.15 | -0.05 | 0.05 | 55 | Oil & Gas | QLV vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | QLV vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | QLV vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.01 | -0.01 | 100 | Ultrashort Bond | QLV vs SGOV |
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