Looking to balance out your exposure to QSR? The ETFs below have the lowest correlation with QSR — they tend to move on their own, which can help reduce risk when QSR drops. The stock ideas table highlights individual companies that behave independently from QSR.
Best Diversifiers for QSR
5 ETFs have low correlation with QSR (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Investment Grade Floating Rate ETF (FLTR) (Corporate Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Investment Grade Floating Rate ETF | 0.03 | 0.03 | 0.10 | 99 | Corporate Bonds | QSR vs FLTR | |
| First Trust RBA American Industrial Renaissance ET... | 0.10 | 0.24 | 0.37 | 78 | Building & Construction | QSR vs AIRR | |
| Vanguard S&P 500 ETF | 0.16 | 0.31 | 0.42 | 70 | S&P 500 | QSR vs VOO | |
| Vanguard Total International Stock ETF | 0.18 | 0.33 | 0.41 | 60 | Global Equities | QSR vs VXUS | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.20 | 0.32 | 0.38 | 55 | High Yield Bonds | QSR vs HYG |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QSR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QSR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.18, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.18 | 0.07 | 0.21 | 78 | Technology | |
| Sterling Construction Company, Inc. | -0.06 | 0.11 | 0.22 | 97 | Industrials | |
| Exxon Mobil Corporation | -0.05 | 0.09 | 0.15 | 85 | Energy | |
| Chevron Corporation | -0.05 | 0.11 | 0.17 | 83 | Energy | |
| EMCOR Group, Inc. | -0.04 | 0.09 | 0.24 | 83 | Industrials |
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