Looking to balance out your exposure to QS? The ETFs below have the lowest correlation with QS — they tend to move on their own, which can help reduce risk when QS drops. The stock ideas table highlights individual companies that behave independently from QS.
Best Diversifiers for QS
1 ETFs have low correlation with QS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.01 | 0.14 | 0.17 | 63 | Energy Equities | QS vs XLE | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.45 | 0.51 | 70 | S&P 500 | QS vs SPY | |
| Vanguard FTSE Emerging Markets ETF | 0.45 | 0.44 | 0.47 | 56 | Emerging Markets Equities | QS vs VWO | |
| First Trust Nasdaq Clean Edge Smart GRID Infrastru... | 0.47 | 0.51 | 0.54 | 79 | Alternative Energy Equities | QS vs GRID | |
| SPDR S&P Kensho Clean Power ETF | 0.58 | 0.62 | 0.65 | 84 | Alternative Energy Equities | QS vs CNRG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QS and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.06 | 0.13 | 0.20 | 87 | Energy | |
| Enterprise Products Partners L.P. | -0.05 | 0.11 | 0.17 | 85 | Energy | |
| Chevron Corporation | -0.00 | 0.10 | 0.13 | 83 | Energy | |
| Energy Transfer LP | -0.00 | 0.15 | 0.22 | 69 | Energy | |
| BP p.l.c. | 0.05 | 0.15 | 0.16 | 87 | Energy |
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Build a portfolio that complements QS
Add QS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QS