Looking to balance out your exposure to QUBT? The ETFs below have the lowest correlation with QUBT — they tend to move on their own, which can help reduce risk when QUBT drops. The stock ideas table highlights individual companies that behave independently from QUBT.
Best Diversifiers for QUBT
92 ETFs have low correlation with QUBT (below 0.3), 16 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 -0.09, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.09 | -0.03 | 0.02 | 93 | Inflation-Protected Bonds | QUBT vs VTIP | |
| United States Oil Fund LP | -0.08 | 0.00 | 0.03 | 66 | Oil & Gas | QUBT vs USO | |
| iShares 0-5 Year TIPS Bond ETF | -0.08 | -0.03 | 0.02 | 93 | Inflation-Protected Bonds | QUBT vs STIP | |
| iShares 0-1 Year Treasury Bond ETF | -0.06 | -0.08 | -0.07 | 100 | Government Bonds, Ultrashort Bond | QUBT vs SHV | |
| Vanguard Short-Term Treasury ETF | -0.05 | -0.06 | -0.03 | 83 | Government Bonds, Short-Term Bond | QUBT vs VGSH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QUBT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QUBT and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.13, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.13 | -0.08 | -0.06 | 57 | Utilities | |
| The Coca-Cola Company | -0.13 | -0.05 | -0.02 | 62 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.10 | -0.00 | 0.05 | 81 | Consumer Defensive | |
| Chubb Limited | -0.10 | -0.04 | 0.05 | 57 | Financial Services | |
| Johnson & Johnson | -0.08 | -0.07 | -0.03 | 94 | Healthcare |
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