Looking to diversify beyond QYLG? The ETFs below have the lowest correlation with QYLG — 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 QYLG.
Best Diversifiers for QYLG
308 ETFs have low correlation with QYLG (below 0.3), 70 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 | -0.08 | 0.04 | 71 | Oil & Gas | QYLG vs DBE | |
| United States Oil Fund LP | -0.28 | -0.07 | 0.03 | 66 | Oil & Gas | QYLG vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | QYLG vs USOY | |
| United States Brent Oil Fund LP | -0.26 | -0.07 | 0.03 | 65 | Oil & Gas | QYLG vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | -0.04 | 0.05 | 55 | Oil & Gas | QYLG vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QYLG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QYLG and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.09 | 0.02 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.19 | -0.05 | 0.09 | 85 | Energy | |
| Starbucks Corporation | 0.29 | 0.29 | 0.44 | 54 | Consumer Cyclical | |
| Orchid Island Capital, Inc. | 0.34 | 0.40 | 0.43 | 61 | Real Estate |
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