Looking to diversify beyond QWLD? The ETFs below have the lowest correlation with QWLD — 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 QWLD.
Best Diversifiers for QWLD
169 ETFs have low correlation with QWLD (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.17 | -0.13 | 61 | Leveraged Currency | QWLD vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | -0.01 | -0.01 | 98 | Inflation-Protected Bonds | QWLD vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | QWLD vs USFR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.11 | 0.06 | 0.06 | 95 | Inflation-Protected Bonds | QWLD vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | 0.05 | 0.05 | 99 | Ultrashort Bond | QWLD vs CSHP |
See all 1581 diversifiers for QWLD
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