Looking to balance out your exposure to QNRX? The ETFs below have historically moved differently from QNRX, 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 QNRX
4 ETFs have low correlation with QNRX (below 0.3), 3 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of -0.09, roughly unchanged from 0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | -0.09 | 0.00 | — | 96 | Long-Short, Actively Managed | QNRX vs CLSE | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.01 | 0.08 | 0.14 | 90 | Leveraged Equities, Semiconductors | QNRX vs SOXL | |
| Invesco Semiconductors ETF | -0.00 | 0.08 | 0.15 | 90 | Semiconductors, Technology Equities | QNRX vs PSI | |
| Defiance Quantum ETF | 0.02 | 0.12 | 0.19 | 74 | Technology Equities | QNRX vs QTUM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QNRX, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.03, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.03 | 0.04 | 0.09 | 99 | Technology | |
| GigaCloud Technology Inc | -0.02 | 0.08 | — | 82 | Technology | |
| Progyny, Inc. | -0.02 | 0.01 | 0.14 | 64 | Healthcare | |
| Globalstar, Inc. | 0.06 | 0.16 | 0.19 | 98 | Communication Services | |
| VeriSign, Inc. | 0.08 | 0.06 | 0.13 | 53 | Technology |
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