Looking to diversify beyond QOWZ? The ETFs below have the lowest correlation with QOWZ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from QOWZ.
Best Diversifiers for QOWZ
348 ETFs have low correlation with QOWZ (below 0.3), 62 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | QOWZ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.36 | -0.33 | -0.33 | 57 | Cryptocurrency | QOWZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | QOWZ vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | QOWZ vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.21 | — | — | 51 | Currency | QOWZ vs UUP |
See all 1551 diversifiers for QOWZ
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Diversification Analysis
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