Looking to diversify beyond SQQQ? The ETFs below have historically moved differently from SQQQ, 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 SQQQ
1786 ETFs have low correlation with SQQQ (below 0.3), 1691 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -1.00 | -1.00 | -1.00 | 58 | Nasdaq-100 | SQQQ vs QQQ | |
| Invesco NASDAQ 100 ETF | -1.00 | -1.00 | -1.00 | 59 | Nasdaq-100 | SQQQ vs QQQM | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -1.00 | — | — | 69 | Nasdaq-100, Dividend | SQQQ vs GPIQ | |
| Invesco ESG NASDAQ 100 ETF | -0.99 | -0.99 | — | 58 | Nasdaq-100 | SQQQ vs QQMG | |
| NEOS Nasdaq-100 High Income ETF | -0.99 | — | — | 52 | Nasdaq-100, Derivative Income | SQQQ vs QQQI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SQQQ, 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 Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.73, roughly unchanged from -0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.73 | -0.73 | -0.74 | 95 | Technology | |
| Advanced Micro Devices, Inc. | -0.70 | -0.69 | -0.73 | 94 | Technology | |
| Applied Materials, Inc. | -0.70 | -0.72 | -0.74 | 95 | Technology | |
| ASML Holding N.V. | -0.70 | -0.69 | -0.74 | 96 | Technology | |
| KLA Corporation | -0.70 | -0.72 | -0.74 | 86 | Technology |
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