Looking to balance out your exposure to QURE? The ETFs below have the lowest correlation with QURE — they tend to move on their own, which can help reduce risk when QURE drops. The stock ideas table highlights individual companies that behave independently from QURE.
Best Diversifiers for QURE
2 ETFs have low correlation with QURE (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Oil & Gas (DIG) (Leveraged Equities) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Oil & Gas | -0.05 | 0.01 | 0.09 | 53 | Leveraged Equities | QURE vs DIG | |
| Invesco QQQ ETF | 0.17 | 0.23 | 0.33 | 53 | Nasdaq-100 | QURE vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QURE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QURE and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.02 | 0.08 | 69 | Consumer Defensive | |
| Dillard's, Inc. | -0.03 | 0.11 | 0.17 | 66 | Consumer Cyclical | |
| Gold Fields Limited | -0.03 | 0.01 | 0.04 | 64 | Basic Materials | |
| Companhia de Saneamento Básico do Estado de São Pa... | -0.02 | 0.06 | 0.12 | 81 | Utilities | |
| Lumentum Holdings Inc. | -0.01 | 0.14 | 0.20 | 98 | Technology |
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