Looking to diversify beyond QQA? The ETFs below have the lowest correlation with QQA — 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 QQA.
Best Diversifiers for QQA
315 ETFs have low correlation with QQA (below 0.3), 78 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | — | — | 71 | Oil & Gas | QQA vs DBE | |
| United States Oil Fund LP | -0.31 | — | — | 66 | Oil & Gas | QQA vs USO | |
| United States Brent Oil Fund LP | -0.29 | — | — | 65 | Oil & Gas | QQA vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | QQA vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.05 | -0.05 | 56 | Oil & Gas | QQA vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQA and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.23, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.23 | -0.19 | -0.19 | 52 | Utilities | |
| Altria Group, Inc. | -0.20 | -0.13 | -0.13 | 67 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | -0.03 | -0.03 | 85 | Energy | |
| ConocoPhillips Company | -0.16 | -0.02 | -0.02 | 76 | Energy | |
| Verizon Communications Inc. | -0.14 | -0.10 | -0.10 | 62 | Communication Services |
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