Looking to diversify beyond QQXL? The ETFs below have the lowest correlation with QQXL — 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 QQXL.
Best Diversifiers for QQXL
173 ETFs have low correlation with QQXL (below 0.3), 23 of which are negatively correlated. The least correlated is Brookstone Ultra-Short Bond ETF (BAMU) (Ultrashort Bond) with a 1Y correlation of -0.20, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.20 | -0.20 | -0.20 | 98 | Ultrashort Bond | QQXL vs BAMU | |
| Alerian Energy Infrastructure ETF | -0.18 | -0.18 | -0.18 | 50 | Energy Equities | QQXL vs ENFR | |
| iShares Core High Dividend ETF | -0.14 | -0.14 | -0.14 | 64 | Dividend, Large Cap Value Equities | QQXL vs HDV | |
| FT Energy Income Partners Enhanced Income ETF | -0.12 | -0.12 | -0.12 | 67 | Derivative Income | QQXL vs EIPI | |
| First Trust North American Energy Infrastructure F... | -0.12 | -0.12 | -0.12 | 65 | MLPs | QQXL vs EMLP |
See all 1126 diversifiers for QQXL
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