Looking to diversify beyond QWLD? The ETFs below have historically moved differently from QWLD, 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 QWLD
195 ETFs have low correlation with QWLD (below 0.3), 47 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.36, roughly unchanged from -0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | -0.36 | -0.36 | 58 | Derivative Income | QWLD vs WNTR | |
| Invesco DB Energy Fund | -0.35 | -0.13 | 0.05 | 54 | Oil & Gas | QWLD vs DBE | |
| ProShares UltraShort Yen | -0.28 | -0.17 | -0.13 | 56 | Leveraged Currency | QWLD vs YCS | |
| United States Gasoline Fund, LP | -0.28 | -0.10 | 0.05 | 72 | Oil & Gas | QWLD vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.03 | 0.12 | 51 | Commodities | QWLD vs GSG |
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