Looking to diversify beyond QYLD? The ETFs below have historically moved differently from QYLD, 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 QYLD
409 ETFs have low correlation with QYLD (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.33 | — | 51 | Cryptocurrency | QYLD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 69 | Derivative Income | QYLD vs WNTR | |
| YieldMax XOM Option Income Strategy ETF | -0.20 | — | — | 52 | Derivative Income, Dividend | QYLD vs XOMO | |
| Invesco DB Energy Fund | -0.19 | -0.06 | 0.04 | 66 | Oil & Gas | QYLD vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | QYLD vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QYLD, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.29 | -0.11 | 0.01 | 66 | Consumer Defensive | |
| Chubb Limited | -0.29 | -0.05 | 0.10 | 87 | Financial Services | |
| Duke Energy Corporation | -0.29 | -0.15 | 0.01 | 52 | Utilities | |
| The Coca-Cola Company | -0.23 | -0.08 | 0.11 | 87 | Consumer Defensive | |
| CNA Financial Corporation | -0.22 | -0.02 | 0.15 | 81 | Financial Services |
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