Looking to diversify beyond QUAL? The ETFs below have historically moved differently from QUAL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for QUAL
262 ETFs have low correlation with QUAL (below 0.3), 80 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.33 | — | 51 | Cryptocurrency | QUAL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 69 | Derivative Income | QUAL vs WNTR | |
| Invesco DB Energy Fund | -0.34 | -0.12 | 0.04 | 66 | Oil & Gas | QUAL vs DBE | |
| Invesco DB Oil Fund | -0.30 | -0.09 | 0.05 | 51 | Oil & Gas | QUAL vs DBO | |
| United States Gasoline Fund, LP | -0.28 | -0.09 | 0.04 | 83 | Oil & Gas | QUAL vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QUAL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.23, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.23 | 0.05 | 0.20 | 79 | Energy | |
| Altria Group, Inc. | -0.22 | -0.02 | 0.11 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.21 | 0.06 | 0.18 | 68 | Energy | |
| Exxon Mobil Corporation | -0.20 | 0.02 | 0.17 | 85 | Energy | |
| Devon Energy Corporation | -0.19 | 0.09 | 0.24 | 78 | Energy |
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