Looking to diversify beyond QQQP? The ETFs below have the lowest correlation with QQQP — 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 QQQP.
Best Diversifiers for QQQP
222 ETFs have low correlation with QQQP (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.44 | -0.44 | 57 | Cryptocurrency | QQQP vs BITI | |
| Brookstone Ultra-Short Bond ETF | -0.20 | — | — | 99 | Ultrashort Bond | QQQP vs BAMU | |
| Invesco DB Energy Fund | -0.19 | — | — | 53 | Oil & Gas | QQQP vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | QQQP vs IBIC | |
| Alerian Energy Infrastructure ETF | -0.16 | — | — | 77 | Energy Equities | QQQP vs ENFR |
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