Looking to diversify beyond SQY? The ETFs below have the lowest correlation with SQY — 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 SQY.
Best Diversifiers for SQY
334 ETFs have low correlation with SQY (below 0.3), 48 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | — | — | 71 | Oil & Gas | SQY vs DBE | |
| United States Brent Oil Fund LP | -0.18 | -0.03 | -0.03 | 65 | Oil & Gas | SQY vs BNO | |
| Invesco DB Oil Fund | -0.17 | — | — | 65 | Oil & Gas | SQY vs DBO | |
| Defiance Oil Enhanced Options Income ETF | -0.16 | — | — | 56 | Derivative Income | SQY vs USOY | |
| Strive U.S. Energy ETF | -0.15 | 0.06 | 0.06 | 55 | Energy Equities | SQY vs DRLL |
See all 1203 diversifiers for SQY
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Diversification Analysis
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