Looking to balance out your exposure to QXO? The ETFs below have the lowest correlation with QXO — they tend to move on their own, which can help reduce risk when QXO drops. The stock ideas table highlights individual companies that behave independently from QXO.
Best Diversifiers for QXO
1 ETFs have low correlation with QXO (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson AAA CLO ETF (JAAA) (CLO) with a 1Y correlation of 0.08, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | 0.08 | 0.01 | 0.02 | 98 | CLO | QXO vs JAAA | |
| Invesco S&P 500 Momentum ETF | 0.40 | 0.26 | 0.24 | 75 | Momentum, S&P 500 | QXO vs SPMO | |
| iShares Semiconductor ETF | 0.40 | 0.29 | 0.26 | 97 | Semiconductors, Technology Equities | QXO vs SOXX | |
| Global X US Infrastructure Development ETF | 0.57 | 0.30 | 0.25 | 59 | Utilities Equities | QXO vs PAVE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QXO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QXO and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.08, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.08 | 0.12 | 0.17 | 70 | Technology | |
| Palo Alto Networks, Inc. | 0.09 | 0.14 | 0.18 | 67 | Technology | |
| SMA Solar Technology AG | 0.09 | 0.02 | 0.02 | 95 | Technology | |
| Fortinet, Inc. | 0.12 | 0.13 | 0.18 | 66 | Technology | |
| AppLovin Corporation | 0.17 | 0.15 | 0.19 | 59 | Technology |
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