Looking to balance out your exposure to QRVO? The ETFs below have the lowest correlation with QRVO — they tend to move on their own, which can help reduce risk when QRVO drops. The stock ideas table highlights individual companies that behave independently from QRVO.
Best Diversifiers for QRVO
0 ETFs have low correlation with QRVO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.41, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.41 | 0.55 | 0.64 | 70 | S&P 500 | QRVO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.56 | 0.64 | 70 | S&P 500 | QRVO vs SPY | |
| VanEck Semiconductor ETF | 0.46 | 0.59 | 0.70 | 96 | Semiconductors, Technology Equities | QRVO vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QRVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QRVO and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of 0.04, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.04 | 0.19 | 0.32 | 59 | Technology | |
| Rohm Co Ltd ADR | 0.12 | 0.27 | 0.26 | 96 | Technology | |
| Sumitomo Electric Industries Ltd ADR | 0.15 | 0.22 | 0.23 | 98 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.19 | 0.40 | 0.53 | 99 | Technology | |
| NVIDIA Corporation | 0.20 | 0.31 | 0.47 | 78 | Technology |
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