Looking to balance out your exposure to QTWO? The ETFs below have the lowest correlation with QTWO — they tend to move on their own, which can help reduce risk when QTWO drops. The stock ideas table highlights individual companies that behave independently from QTWO.
Best Diversifiers for QTWO
1 ETFs have low correlation with QTWO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.07 | 0.10 | 0.14 | 93 | Inflation-Protected Bonds | QTWO vs VTIP |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QTWO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QTWO and solid risk/return profiles. The least correlated is Powell Industries, Inc. (POWL) (Industrials) with a 1Y correlation of -0.05, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powell Industries, Inc. | -0.05 | 0.23 | 0.26 | 98 | Industrials | |
| Eli Lilly and Company | 0.02 | 0.16 | 0.14 | 72 | Healthcare | |
| Energy Transfer LP | 0.05 | 0.27 | 0.27 | 69 | Energy | |
| Ducommun Incorporated | 0.06 | 0.25 | 0.31 | 93 | Industrials | |
| Broadcom Inc. | 0.09 | 0.30 | 0.38 | 84 | Technology |
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