Looking to balance out your exposure to QXO? The ETFs below have historically moved differently from QXO, 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 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 0.04, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | 0.04 | 0.01 | 0.01 | 99 | CLO | QXO vs JAAA | |
| iShares Semiconductor ETF | 0.40 | 0.29 | 0.26 | 90 | Semiconductors, Technology Equities | QXO vs SOXX | |
| Global X US Infrastructure Development ETF | 0.62 | 0.34 | 0.28 | 52 | Infrastructure Equities, Industrials Equities | QXO vs PAVE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QXO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.02, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.02 | -0.00 | 0.07 | 95 | Energy | |
| VeriSign, Inc. | -0.01 | 0.02 | 0.08 | 53 | Technology | |
| MPLX LP | 0.00 | 0.05 | 0.09 | 79 | Energy | |
| Palo Alto Networks, Inc. | 0.06 | 0.13 | 0.17 | 88 | Technology | |
| CrowdStrike Holdings, Inc. | 0.07 | 0.13 | 0.16 | 80 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements QXO
Add QXO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QXO