Looking to balance out your exposure to QNRX? The ETFs below have the lowest correlation with QNRX — they tend to move on their own, which can help reduce risk when QNRX drops. The stock ideas table highlights individual companies that behave independently from QNRX.
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 -0.10, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | -0.10 | 0.00 | — | 97 | Long-Short, Actively Managed | QNRX vs CLSE | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.04 | 0.07 | 0.14 | 95 | Leveraged Equities, Semiconductors | QNRX vs SOXL | |
| Invesco Semiconductors ETF | -0.02 | 0.07 | 0.15 | 94 | Semiconductors, Technology Equities | QNRX vs PSI | |
| Defiance Quantum ETF | 0.01 | 0.11 | 0.19 | 84 | Technology Equities | QNRX vs QTUM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QNRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QNRX and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.07, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.07 | 0.04 | 0.08 | 99 | Technology | |
| Tesla, Inc. | -0.04 | 0.06 | 0.14 | 66 | Consumer Cyclical | |
| Progyny, Inc. | -0.01 | 0.02 | 0.14 | 63 | Healthcare | |
| GigaCloud Technology Inc | -0.00 | 0.09 | — | 74 | Technology | |
| Globalstar, Inc. | 0.07 | 0.16 | 0.20 | 95 | Communication Services |
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