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
375 ETFs have low correlation with QQQ (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | QQQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 69 | Derivative Income | QQQ vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.05 | — | 53 | Options Trading | QQQ vs CAOS | |
| Invesco DB Energy Fund | -0.21 | -0.06 | 0.04 | 58 | Oil & Gas | QQQ vs DBE | |
| Tortoise North American Pipeline Fund | -0.20 | 0.11 | 0.26 | 76 | Energy Equities | QQQ vs TPYP |
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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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.46, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.46 | -0.24 | -0.05 | 69 | Utilities | |
| Duke Energy Corporation | -0.36 | -0.21 | -0.03 | 63 | Utilities | |
| Chubb Limited | -0.36 | -0.10 | 0.10 | 81 | Financial Services | |
| Waste Management, Inc. | -0.35 | -0.04 | 0.14 | 51 | Industrials | |
| Altria Group, Inc. | -0.34 | -0.14 | -0.01 | 77 | Consumer Defensive |
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