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
213 ETFs have low correlation with QWLD (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.30 | — | 52 | Cryptocurrency | QWLD vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 70 | Inverse Equities, Leveraged Equities | QWLD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 73 | Derivative Income | QWLD vs WNTR | |
| ProShares UltraShort Yen | -0.32 | -0.16 | -0.13 | 73 | Leveraged Currency | QWLD vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.11 | 0.07 | 57 | Oil & Gas | QWLD vs DBE |
See all 1570 diversifiers for QWLD
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