Looking to balance out your exposure to QTEX? The ETFs below have the lowest correlation with QTEX — they tend to move on their own, which can help reduce risk when QTEX drops. The stock ideas table highlights individual companies that behave independently from QTEX.
No Diversifiers Found for QTEX
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QTEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QTEX and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.01, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.01 | 0.08 | 0.10 | 72 | Energy | |
| Borr Drilling Ltd | 0.03 | 0.05 | — | 84 | Energy | |
| Cleveland-Cliffs Inc. | 0.12 | 0.14 | — | 67 | Basic Materials | |
| NIO Inc. | 0.12 | 0.15 | — | 64 | Consumer Cyclical | |
| Ford Motor Company | 0.16 | 0.15 | 0.18 | 71 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements QTEX
Add QTEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QTEX