Looking to balance out your exposure to QLYS? The ETFs below have historically moved differently from QLYS, 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 QLYS
5 ETFs have low correlation with QLYS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.15, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.15 | 0.35 | 0.50 | 67 | S&P 500 | QLYS vs SPY | |
| Vanguard S&P 500 ETF | 0.15 | 0.35 | 0.50 | 68 | S&P 500 | QLYS vs VOO | |
| Vanguard Russell 3000 ETF | 0.16 | 0.37 | 0.52 | 66 | Large Cap Blend Equities | QLYS vs VTHR | |
| Vanguard Russell 1000 ETF | 0.17 | 0.37 | 0.52 | 64 | Large Cap Blend Equities | QLYS vs VONE | |
| State Street SPDR Dow Jones Industrial Average ETF... | 0.18 | 0.38 | 0.48 | 70 | Large Cap Blend Equities | QLYS vs DIA |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QLYS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.16, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.16 | -0.00 | 0.15 | 77 | Utilities | |
| Walmart Inc. | -0.13 | 0.07 | 0.16 | 62 | Consumer Defensive | |
| Eli Lilly and Company | -0.10 | 0.03 | 0.11 | 83 | Healthcare | |
| Ciena Corporation | -0.10 | 0.19 | 0.32 | 97 | Technology | |
| The Cigna Group | -0.09 | 0.04 | 0.12 | 51 | Healthcare |
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