Looking to diversify beyond QYLD? The ETFs below have the lowest correlation with QYLD — 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 QYLD.
Best Diversifiers for QYLD
313 ETFs have low correlation with QYLD (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.09 | 0.04 | 71 | Oil & Gas | QYLD vs DBE | |
| United States Oil Fund LP | -0.27 | -0.08 | 0.03 | 66 | Oil & Gas | QYLD vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.07 | 0.03 | 65 | Oil & Gas | QYLD vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | QYLD vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | -0.05 | 0.05 | 56 | Oil & Gas | QYLD vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QYLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QYLD and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.21, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.21 | -0.10 | 0.01 | 52 | Utilities | |
| Altria Group, Inc. | -0.20 | -0.06 | 0.04 | 67 | Consumer Defensive | |
| Chevron Corporation | -0.17 | 0.01 | 0.15 | 83 | Energy | |
| Exxon Mobil Corporation | -0.16 | -0.01 | 0.11 | 85 | Energy | |
| ConocoPhillips Company | -0.16 | -0.01 | 0.10 | 76 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements QYLD
Add QYLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QYLD