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
209 ETFs have low correlation with QQXL (below 0.3), 23 of which are negatively correlated. The least correlated is Barclays ETN+ Select MLP ETN (ATMP) (MLPs) with a 1Y correlation of -0.17, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Barclays ETN+ Select MLP ETN | -0.17 | -0.17 | -0.17 | 56 | MLPs | QQXL vs ATMP | |
| iShares Global Energy ETF | -0.14 | -0.14 | -0.14 | 51 | Energy Equities | QQXL vs IXC | |
| FT Energy Income Partners Enhanced Income ETF | -0.14 | -0.14 | — | 85 | Derivative Income | QQXL vs EIPI | |
| FT Vest DJIA Dogs 10 Target Income ETF | -0.12 | -0.12 | -0.12 | 52 | Derivative Income | QQXL vs DOGG | |
| VictoryShares US EQ Income Enhanced Volatility Wtd... | -0.07 | -0.07 | -0.07 | 80 | Large Cap Value Equities | QQXL vs CDC |
See all 1109 diversifiers for QQXL
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