Looking to diversify beyond QQQ3.L? The ETFs below have the lowest correlation with QQQ3.L — 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 QQQ3.L.
Best Diversifiers for QQQ3.L
18 ETFs have low correlation with QQQ3.L (below 0.3), 11 of which are negatively correlated. The least correlated is WisdomTree Brent Crude Oil (BRNT.L) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Brent Crude Oil | -0.25 | -0.01 | 0.07 | 61 | Oil & Gas | QQQ3.L vs BRNT.L | |
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.21 | 0.03 | — | 56 | Leveraged Equities | QQQ3.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.21 | 0.01 | 0.05 | 61 | Leveraged Equities | QQQ3.L vs 3BP.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD Acc | -0.18 | -0.05 | -0.02 | 81 | Commodities | QQQ3.L vs WCOB.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD | -0.17 | -0.05 | -0.02 | 80 | Commodities | QQQ3.L vs WCOG.L |
See all 84 diversifiers for QQQ3.L
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