Looking to diversify beyond QNDX? The ETFs below have historically moved differently from QNDX, 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 QNDX
364 ETFs have low correlation with QNDX (below 0.3), 186 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.66, roughly unchanged from -0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.66 | -0.66 | -0.66 | 87 | Dividend, Large Cap Value Equities | QNDX vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.58 | -0.58 | -0.58 | 89 | Large Cap Value Equities, Dividend | QNDX vs FDL | |
| Global X S&P 500 Quality Dividend ETF | -0.56 | -0.56 | -0.56 | 64 | Quality Factor, Dividend, S&P 500 | QNDX vs QDIV | |
| Schwab U.S. Dividend Equity ETF | -0.55 | -0.55 | -0.55 | 94 | Dividend | QNDX vs SCHD | |
| Avantis Inflation Focused Equity ETF | -0.55 | -0.55 | — | 95 | Large Cap Blend Equities | QNDX vs AVIE |
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