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 Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.08 | 0.13 | 0.15 | 74 | Nasdaq-100 | QNTM vs QQQ | |
| VanEck Semiconductor ETF | 0.08 | 0.11 | 0.14 | 96 | Semiconductors, Technology Equities | QNTM vs SMH | |
| State Street SPDR S&P 500 ETF | 0.08 | 0.16 | 0.18 | 74 | S&P 500 | QNTM vs SPY | |
| Invesco Semiconductors ETF | 0.12 | 0.13 | 0.16 | 96 | Semiconductors, Technology Equities | QNTM vs PSI | |
| VanEck Fabless Semiconductor ETF | 0.12 | — | — | 92 | 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.01 | 0.11 | 0.11 | 62 | Consumer Cyclical | |
| Apple Inc | 0.04 | 0.06 | 0.09 | 90 | Technology | |
| Datadog, Inc. | 0.04 | 0.09 | 0.13 | 80 | Technology | |
| Broadcom Inc. | 0.08 | 0.13 | 0.13 | 76 | Technology | |
| NVIDIA Corporation | 0.11 | 0.09 | 0.12 | 80 | 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