Looking to diversify beyond QUBX? The ETFs below have the lowest correlation with QUBX — 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 QUBX.
Best Diversifiers for QUBX
3 ETFs have low correlation with QUBX (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long AMD Daily ETF (AMDG) (Leveraged Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | 0.26 | 0.26 | 0.26 | 96 | Leveraged Equities | QUBX vs AMDG | |
| Leverage Shares 2X Long ASML Daily ETF | 0.28 | 0.28 | 0.28 | 86 | Leveraged Equities | QUBX vs ASMG | |
| Leverage Shares 2X Long ARM Daily ETF | 0.29 | 0.29 | 0.29 | 84 | Leveraged Equities | QUBX vs ARMG | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.31 | 0.31 | 0.31 | 97 | Leveraged Equities, Semiconductors | QUBX vs SOXL | |
| Innovator Growth Accelerated Plus ETF - April | 0.33 | 0.33 | 0.33 | 98 | Leveraged Equities | QUBX vs QTAP |
See all 9 diversifiers for QUBX
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