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
50 ETFs have low correlation with QTOP (below 0.3), 6 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP & Energy Infrastructure ETF | -0.13 | — | — | 55 | MLPs | QTOP vs MLPX | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | — | — | 100 | Ultrashort Bond | QTOP vs SGOV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.12 | — | — | 69 | Large Cap Value Equities, Dividend | QTOP vs FDL | |
| iShares Core High Dividend ETF | -0.12 | — | — | 70 | Dividend, Large Cap Value Equities | QTOP vs HDV | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | — | — | 100 | Government Bonds, Ultrashort Bond | QTOP vs USFR |
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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 | 62 | Utilities | |
| Chubb Limited | -0.25 | -0.17 | -0.17 | 69 | Financial Services | |
| Altria Group, Inc. | -0.23 | -0.22 | -0.22 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.22 | -0.08 | -0.08 | 72 | Energy | |
| Enbridge Inc. | -0.22 | -0.06 | -0.06 | 89 | Energy |
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