Looking to diversify beyond QQQH? The ETFs below have the lowest correlation with QQQH — 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 QQQH.
Best Diversifiers for QQQH
319 ETFs have low correlation with QQQH (below 0.3), 74 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | -0.04 | 0.03 | 66 | Oil & Gas | QQQH vs USO | |
| Invesco DB Energy Fund | -0.26 | -0.05 | 0.04 | 71 | Oil & Gas | QQQH vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.04 | 0.03 | 65 | Oil & Gas | QQQH vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | — | — | 56 | Derivative Income | QQQH vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.22 | -0.01 | 0.05 | 55 | Oil & Gas | QQQH vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQQH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQQH and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.21, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.21 | -0.12 | -0.01 | 53 | Utilities | |
| Chevron Corporation | -0.20 | -0.02 | 0.07 | 83 | Energy | |
| Exxon Mobil Corporation | -0.18 | -0.04 | 0.04 | 85 | Energy | |
| Altria Group, Inc. | -0.18 | -0.05 | 0.02 | 69 | Consumer Defensive | |
| ConocoPhillips Company | -0.18 | -0.02 | 0.07 | 76 | Energy |
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