Looking to diversify beyond QLV? The ETFs below have historically moved differently from QLV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for QLV
388 ETFs have low correlation with QLV (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.25 | — | 51 | Cryptocurrency | QLV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | — | — | 69 | Derivative Income | QLV vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.11 | 0.02 | 66 | Oil & Gas | QLV vs DBE | |
| Invesco DB Oil Fund | -0.21 | -0.09 | 0.02 | 51 | Oil & Gas | QLV vs DBO | |
| United States Gasoline Fund, LP | -0.18 | -0.08 | 0.03 | 83 | Oil & Gas | QLV vs UGA |
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