Looking to diversify beyond QQQ? The ETFs below have the lowest correlation with QQQ — 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 QQQ.
Best Diversifiers for QQQ
317 ETFs have low correlation with QQQ (below 0.3), 81 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.08 | 0.04 | 71 | Oil & Gas | QQQ vs DBE | |
| United States Oil Fund LP | -0.31 | -0.07 | 0.03 | 66 | Oil & Gas | QQQ vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.07 | 0.03 | 65 | Oil & Gas | QQQ vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | QQQ vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.04 | 0.04 | 55 | Oil & Gas | QQQ vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQQ and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.28, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.28 | -0.17 | -0.01 | 53 | Utilities | |
| Altria Group, Inc. | -0.28 | -0.10 | 0.01 | 69 | Consumer Defensive | |
| Equinor ASA | -0.27 | -0.02 | 0.07 | 82 | Energy | |
| Fortis Inc | -0.23 | -0.01 | 0.11 | 76 | Utilities | |
| Exxon Mobil Corporation | -0.22 | -0.07 | 0.08 | 85 | Energy |
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