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 Borr Drilling Ltd (BORR) (Energy) with a 1Y correlation of -0.02, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Borr Drilling Ltd | -0.02 | 0.04 | — | 91 | Energy | |
| Energy Transfer LP | -0.00 | 0.09 | — | 69 | Energy | |
| Cleveland-Cliffs Inc. | 0.05 | 0.14 | — | 72 | Basic Materials | |
| Ford Motor Company | 0.08 | 0.13 | — | 82 | Consumer Cyclical | |
| NIO Inc. | 0.11 | 0.15 | — | 67 | Consumer Cyclical |
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