Looking to diversify beyond QQQA? The ETFs below have historically moved differently from QQQA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for QQQA
466 ETFs have low correlation with QQQA (below 0.3), 108 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | — | 61 | Cryptocurrency | QQQA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | QQQA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | QQQA vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 75 | Derivative Income | QQQA vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.34 | -0.07 | — | 56 | Options Trading | QQQA vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QQQA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.21 | -0.05 | 56 | Utilities | |
| Altria Group, Inc. | -0.33 | -0.14 | -0.03 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.29 | -0.14 | -0.02 | 66 | Communication Services | |
| PepsiCo, Inc. | -0.29 | -0.12 | 0.05 | 50 | Consumer Defensive | |
| The Coca-Cola Company | -0.28 | -0.11 | 0.06 | 90 | Consumer Defensive |
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