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
370 ETFs have low correlation with QQQY (below 0.3), 70 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | — | — | 53 | Inverse Equities | QQQY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 61 | Inverse Equities, Leveraged Equities | QQQY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 69 | Derivative Income | QQQY vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.36 | — | — | 53 | Options Trading | QQQY vs CAOS | |
| Invesco DB Energy Fund | -0.24 | — | — | 58 | Oil & Gas | QQQY vs DBE |
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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 -0.36, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.19 | -0.19 | 63 | Utilities | |
| Chubb Limited | -0.36 | -0.10 | -0.10 | 81 | Financial Services | |
| Waste Management, Inc. | -0.34 | -0.04 | -0.04 | 51 | Industrials | |
| Altria Group, Inc. | -0.31 | -0.14 | -0.14 | 77 | Consumer Defensive | |
| The Southern Company | -0.31 | -0.15 | -0.15 | 56 | Utilities |
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