Looking to diversify beyond QTAP? The ETFs below have the lowest correlation with QTAP — 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 QTAP.
Best Diversifiers for QTAP
238 ETFs have low correlation with QTAP (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.05 | 69 | Oil & Gas | QTAP vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.07 | 0.04 | 62 | Oil & Gas | QTAP vs BNO | |
| Invesco DB Oil Fund | -0.26 | -0.06 | 0.05 | 62 | Oil & Gas | QTAP vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.24 | -0.05 | 0.05 | 51 | Leveraged Commodities | QTAP vs UCO | |
| iShares Commodities Select Strategy ETF | -0.21 | -0.02 | 0.08 | 66 | Commodities | QTAP vs COMT |
See all 1143 diversifiers for QTAP
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