Looking to diversify beyond QTAP? The ETFs below have historically moved differently from QTAP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for QTAP
399 ETFs have low correlation with QTAP (below 0.3), 84 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 63 | Derivative Income | QTAP vs WNTR | |
| Direxion Daily XOM Bull 2X Shares | -0.26 | — | — | 55 | Leveraged Equities | QTAP vs XOMX | |
| Alerian Energy Infrastructure ETF | -0.24 | 0.13 | 0.29 | 65 | Infrastructure Equities, Energy Equities | QTAP vs ENFR | |
| VanEck Energy Income ETF | -0.24 | 0.12 | 0.27 | 70 | Energy Equities | QTAP vs EINC | |
| Invesco DB Energy Fund | -0.22 | -0.08 | 0.04 | 53 | Oil & Gas | QTAP vs DBE |
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