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
337 ETFs have low correlation with QYLD (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.33 | — | 53 | Cryptocurrency | QYLD vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 65 | Inverse Equities, Leveraged Equities | QYLD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | QYLD vs WNTR | |
| Invesco DB Energy Fund | -0.19 | -0.06 | 0.05 | 57 | Oil & Gas | QYLD vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | QYLD vs IBIC |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.28, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.28 | -0.05 | 0.11 | 83 | Financial Services | |
| Duke Energy Corporation | -0.27 | -0.13 | 0.01 | 65 | Utilities | |
| The Southern Company | -0.25 | -0.12 | 0.04 | 58 | Utilities | |
| Altria Group, Inc. | -0.25 | -0.09 | 0.02 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.20 | -0.07 | 0.04 | 57 | Communication Services |
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