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
278 ETFs have low correlation with QOWZ (below 0.3), 29 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.17 | — | — | 55 | Oil & Gas | QOWZ vs UGA | |
| ProShares UltraShort Yen | -0.13 | 0.02 | 0.02 | 63 | Leveraged Currency | QOWZ vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | 0.03 | 0.03 | 99 | Ultrashort Bond | QOWZ vs CSHP | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | QOWZ vs USFR | |
| Breakwave Tanker Shipping ETF | -0.10 | -0.05 | -0.05 | 98 | Commodities | QOWZ vs BWET |
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