Looking to diversify beyond SQQQ? The ETFs below have the lowest correlation with SQQQ — 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 SQQQ.
Best Diversifiers for SQQQ
1604 ETFs have low correlation with SQQQ (below 0.3), 1527 of which are negatively correlated. The least correlated is ProShares Ultra QQQ (QLD) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra QQQ | -1.00 | -1.00 | -1.00 | 69 | Leveraged Equities | SQQQ vs QLD | |
| ProShares UltraPro QQQ | -1.00 | -1.00 | -1.00 | 71 | Leveraged Equities | SQQQ vs TQQQ | |
| Invesco QQQ ETF | -1.00 | -1.00 | -1.00 | 73 | Nasdaq-100 | SQQQ vs QQQ | |
| Invesco NASDAQ 100 ETF | -1.00 | -1.00 | -1.00 | 74 | Nasdaq-100 | SQQQ vs QQQM | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -1.00 | — | — | 81 | Nasdaq-100, Dividend | SQQQ vs GPIQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SQQQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SQQQ and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.67, roughly unchanged from -0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.67 | -0.67 | -0.69 | 98 | Technology | |
| NVIDIA Corporation | -0.64 | -0.71 | -0.78 | 78 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.64 | -0.67 | -0.68 | 95 | Technology | |
| Applied Materials, Inc. | -0.63 | -0.66 | -0.68 | 96 | Technology | |
| Amazon.com, Inc | -0.63 | -0.70 | -0.75 | 60 | Consumer Cyclical |
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