Looking to diversify beyond QQD.TO? The ETFs below have the lowest correlation with QQD.TO — 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 QQD.TO.
Best Diversifiers for QQD.TO
10 ETFs have low correlation with QQD.TO (below 0.3), 9 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Enhanced NASDAQ-100 Covered Call ETF | -0.85 | — | — | 85 | Nasdaq-100, Derivative Income | QQD.TO vs QQCL.TO | |
| Global X NASDAQ-100 Covered Call ETF | -0.85 | -0.86 | -0.70 | 84 | Nasdaq-100, Derivative Income | QQD.TO vs QQCC.TO | |
| Global X S&P 500 Index Corporate Class ETF | -0.82 | -0.85 | -0.86 | 76 | S&P 500 | QQD.TO vs HXS.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | -0.81 | -0.83 | -0.83 | 94 | Semiconductors, Technology Equities | QQD.TO vs CHPS.TO | |
| Global X Enhanced S&P 500 Covered Call ETF | -0.75 | — | — | 84 | Derivative Income, S&P 500 | QQD.TO vs USCL.TO |
See all 10 diversifiers for QQD.TO
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Diversification Analysis
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