Looking to diversify beyond QTOP? The ETFs below have the lowest correlation with QTOP — 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 QTOP.
Best Diversifiers for QTOP
57 ETFs have low correlation with QTOP (below 0.3), 15 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.24, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.24 | -0.12 | -0.12 | 66 | Oil & Gas | QTOP vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.24 | — | — | 54 | Leveraged Commodities | QTOP vs UCO | |
| State Street Energy Select Sector SPDR ETF | -0.17 | — | — | 63 | Energy Equities | QTOP vs XLE | |
| iShares 0-3 Month Treasury Bond ETF | -0.15 | — | — | 100 | Ultrashort Bond | QTOP vs SGOV | |
| Vanguard Energy ETF | -0.14 | 0.01 | 0.01 | 64 | Energy Equities | QTOP vs VDE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QTOP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QTOP and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.25, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.23 | -0.23 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.22 | -0.08 | -0.08 | 85 | Energy | |
| Altria Group, Inc. | -0.21 | -0.20 | -0.20 | 69 | Consumer Defensive | |
| ConocoPhillips Company | -0.20 | -0.06 | -0.06 | 76 | Energy | |
| Chubb Limited | -0.20 | -0.14 | -0.14 | 51 | Financial Services |
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