Looking to diversify beyond QYLG? The ETFs below have historically moved differently from QYLG, 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 QYLG
416 ETFs have low correlation with QYLG (below 0.3), 92 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 61 | Inverse Equities, Leveraged Equities | QYLG vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.49 | -0.37 | — | 61 | Cryptocurrency | QYLG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | QYLG vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 75 | Derivative Income | QYLG vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.06 | — | 56 | Options Trading | QYLG vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QYLG, 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 -0.36, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.36 | -0.14 | -0.02 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.23 | -0.06 | 0.08 | 84 | Energy | |
| Unum Group | 0.10 | 0.15 | 0.24 | 75 | Financial Services | |
| Starbucks Corporation | 0.19 | 0.25 | 0.41 | 68 | Consumer Cyclical | |
| Orchid Island Capital, Inc. | 0.33 | 0.40 | 0.43 | 61 | Real Estate |
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