Looking to diversify beyond QTEC? The ETFs below have the lowest correlation with QTEC — 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 QTEC.
Best Diversifiers for QTEC
324 ETFs have low correlation with QTEC (below 0.3), 77 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.25 | -0.04 | 0.05 | 66 | Oil & Gas | QTEC vs USO | |
| Invesco DB Energy Fund | -0.23 | -0.04 | 0.07 | 71 | Oil & Gas | QTEC vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.03 | 0.06 | 65 | Oil & Gas | QTEC vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | QTEC vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.20 | -0.00 | 0.07 | 55 | Oil & Gas | QTEC vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QTEC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QTEC and solid risk/return profiles. The least correlated is Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | 0.15 | 0.11 | 0.15 | 61 | Healthcare | |
| Prologis, Inc. | 0.17 | 0.27 | 0.38 | 83 | Real Estate | |
| MSCI Inc. | 0.26 | 0.35 | 0.56 | 50 | Financial Services | |
| Thermo Fisher Scientific Inc. | 0.28 | 0.29 | 0.42 | 56 | Healthcare | |
| Apple Inc | 0.39 | 0.46 | 0.60 | 89 | Technology |
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