Looking to balance out your exposure to QNTM? The ETFs below have the lowest correlation with QNTM — they tend to move on their own, which can help reduce risk when QNTM drops. The stock ideas table highlights individual companies that behave independently from QNTM.
Best Diversifiers for QNTM
6 ETFs have low correlation with QNTM (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 0.08, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.08 | 0.15 | 0.18 | 63 | S&P 500 | QNTM vs SPY | |
| Invesco QQQ ETF | 0.08 | 0.13 | 0.15 | 64 | Nasdaq-100 | QNTM vs QQQ | |
| VanEck Semiconductor ETF | 0.09 | 0.10 | 0.14 | 95 | Semiconductors, Technology Equities | QNTM vs SMH | |
| Invesco Semiconductors ETF | 0.11 | 0.12 | 0.15 | 97 | Semiconductors, Technology Equities | QNTM vs PSI | |
| VanEck Fabless Semiconductor ETF | 0.11 | — | — | 87 | Semiconductors, Technology Equities | QNTM vs SMHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QNTM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QNTM and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.02 | 0.05 | 0.09 | 83 | Technology | |
| Datadog, Inc. | 0.05 | 0.10 | 0.13 | 74 | Technology | |
| NVIDIA Corporation | 0.06 | 0.08 | 0.11 | 66 | Technology | |
| Broadcom Inc. | 0.12 | 0.14 | 0.15 | 71 | Technology | |
| Palo Alto Networks, Inc. | 0.13 | 0.12 | 0.12 | 71 | Technology |
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Build a portfolio that complements QNTM
Add QNTM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QNTM