Looking to diversify beyond QQEW? The ETFs below have the lowest correlation with QQEW — 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 QQEW.
Best Diversifiers for QQEW
302 ETFs have low correlation with QQEW (below 0.3), 65 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.30 | -0.06 | 0.05 | 66 | Oil & Gas | QQEW vs USO | |
| Invesco DB Energy Fund | -0.29 | -0.06 | 0.06 | 71 | Oil & Gas | QQEW vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.05 | 0.05 | 65 | Oil & Gas | QQEW vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | QQEW vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.25 | -0.03 | 0.07 | 55 | Oil & Gas | QQEW vs OILK |
See all 1602 diversifiers for QQEW
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