Looking to diversify beyond QQQY? The ETFs below have the lowest correlation with QQQY — 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.
Best Diversifiers for QQQY
323 ETFs have low correlation with QQQY (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.10 | -0.10 | 71 | Oil & Gas | QQQY vs DBE | |
| United States Oil Fund LP | -0.33 | -0.09 | -0.09 | 66 | Oil & Gas | QQQY vs USO | |
| United States Brent Oil Fund LP | -0.31 | — | — | 65 | Oil & Gas | QQQY vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | QQQY vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | — | — | 55 | Oil & Gas | QQQY vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQQY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQQY and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.26, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.26 | -0.14 | -0.14 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.24 | — | — | 85 | Energy | |
| Altria Group, Inc. | -0.21 | -0.08 | -0.08 | 69 | Consumer Defensive | |
| Chubb Limited | -0.20 | -0.04 | -0.04 | 51 | Financial Services | |
| Verizon Communications Inc. | -0.18 | -0.11 | -0.11 | 59 | Communication Services |
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