Looking to diversify beyond QQQA? The ETFs below have the lowest correlation with QQQA — 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 QQQA.
Best Diversifiers for QQQA
377 ETFs have low correlation with QQQA (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.35 | -0.36 | 57 | Cryptocurrency | QQQA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | QQQA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | QQQA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | QQQA vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.19 | -0.16 | -0.23 | 51 | Currency | QQQA vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQQA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQQA and solid risk/return profiles. The least correlated is Compass, Inc. (COMP) (Technology) with a 1Y correlation of 0.26, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Compass, Inc. | 0.26 | 0.32 | 0.40 | 76 | Technology | |
| Tesla, Inc. | 0.51 | 0.52 | 0.55 | 63 | Consumer Cyclical |
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