Looking to diversify beyond QQQY.L? The ETFs below have the lowest correlation with QQQY.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 QQQY.L.
Best Diversifiers for QQQY.L
2 ETFs have low correlation with QQQY.L (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Apple ETC EUR | 0.25 | — | — | 65 | Leveraged Equities | QQQY.L vs 3APE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.29 | — | — | 96 | Leveraged Equities | QQQY.L vs 3GOO.L | |
| IncomeShares Alphabet (GOOG) Options ETP GBP | 0.37 | — | — | 58 | Derivative Income | QQQY.L vs GOOO.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.39 | — | — | 96 | Leveraged Equities | QQQY.L vs 3GOE.L | |
| IncomeShares Alphabet (GOOG) Options ETP | 0.39 | — | — | 82 | Derivative Income | QQQY.L vs GOOI.L |
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