Looking to balance out your exposure to QLYS? The ETFs below have the lowest correlation with QLYS — they tend to move on their own, which can help reduce risk when QLYS drops. The stock ideas table highlights individual companies that behave independently from QLYS.
Best Diversifiers for QLYS
6 ETFs have low correlation with QLYS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.13, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.13 | 0.33 | 0.49 | 74 | Nasdaq-100 | QLYS vs QQQ | |
| Vanguard S&P 500 ETF | 0.14 | 0.37 | 0.50 | 74 | S&P 500 | QLYS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.37 | 0.50 | 74 | S&P 500 | QLYS vs SPY | |
| Vanguard Russell 3000 ETF | 0.16 | 0.39 | 0.52 | 71 | Large Cap Blend Equities | QLYS vs VTHR | |
| Vanguard Russell 1000 ETF | 0.16 | 0.38 | 0.52 | 71 | Large Cap Blend Equities | QLYS vs VONE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QLYS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QLYS and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.11, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.11 | 0.18 | 0.31 | 97 | Technology | |
| Eli Lilly and Company | -0.09 | 0.03 | 0.12 | 75 | Healthcare | |
| Walmart Inc. | -0.08 | 0.09 | 0.17 | 66 | Consumer Defensive | |
| Regeneron Pharmaceuticals, Inc. | -0.08 | 0.09 | 0.19 | 67 | Healthcare | |
| The Hershey Company | -0.08 | 0.00 | 0.06 | 58 | Consumer Defensive |
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Build a portfolio that complements QLYS
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