Looking to diversify beyond QQUP? The ETFs below have the lowest correlation with QQUP — 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 QQUP.
Best Diversifiers for QQUP
382 ETFs have low correlation with QQUP (below 0.3), 71 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.21, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.21 | -0.21 | -0.21 | 62 | Leveraged Equities | QQUP vs NRGU | |
| United States Gasoline Fund LP | -0.21 | -0.21 | -0.21 | 71 | Oil & Gas | QQUP vs UGA | |
| MicroSectors Oil & Gas Exploration & Production 3X... | -0.21 | -0.21 | -0.21 | 54 | Leveraged Commodities | QQUP vs OILU | |
| Vanguard Energy ETF | -0.21 | -0.21 | -0.21 | 66 | Energy Equities | QQUP vs VDE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.21 | -0.21 | 72 | Commodities | QQUP vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQUP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQUP and solid risk/return profiles. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of 0.33, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | 0.33 | 0.33 | 0.33 | 67 | Technology |
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