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ProShares UltraPro QQQ (TQQQ) Diversifiers

ETF · Currency in USD · Last updated Jul 15, 2026

TQQQ is an exchange-traded fund (ETF) that aims to track the performance of the NASDAQ-100 Index, a benchmark consisting of the 100 largest non-financial companies listed on the NASDAQ stock exchange. TQQQ is managed by ProShares, a provider of ETFs that focus on alternative and leveraged investment strategies.

A key feature of TQQQ is its leveraged exposure to the NASDAQ-100 Index, which means that it aims to provide investors with returns that are three times (300%) the daily performance of the index. That is achieved through the use of financial instruments such as futures contracts and options. As a result, TQQQ may not be suitable for investors with a low-risk tolerance or a buy-and-hold investment strategy.

TQQQ was launched on February 9, 2010, with an expense ratio of 0.95%. This expense ratio is higher than some other ETFs and mutual funds.

Looking to diversify beyond TQQQ? The ETFs below have the lowest correlation with TQQQ — 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 TQQQ.

Best Diversifiers for TQQQ

342 ETFs have low correlation with TQQQ (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.37 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BITI
ProShares Short Bitcoin ETF-0.48-0.37—
53
CryptocurrencyTQQQ vs BITI
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF-0.47-0.48-0.48
65
Inverse Equities, Leveraged EquitiesTQQQ vs MSTZ
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.45-0.48-0.48
70
Derivative IncomeTQQQ vs WNTR
DBE
Invesco DB Energy Fund-0.21-0.050.04
57
Oil & GasTQQQ vs DBE
EINC
VanEck Energy Income ETF-0.190.130.26
80
Energy EquitiesTQQQ vs EINC
See all 1586 diversifiers for TQQQ

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TQQQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TQQQ and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.34, down from -0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
DUK
Duke Energy Corporation-0.34-0.19-0.03
65
Utilities
MO
Altria Group, Inc.-0.33-0.13-0.00
78
Consumer Defensive
ACGL
Arch Capital Group Ltd.-0.32-0.050.13
62
Financial Services
RNR
RenaissanceRe Holdings Ltd.-0.30-0.020.10
84
Financial Services
CB
Chubb Limited-0.30-0.080.08
83
Financial Services
See all 212 low-correlation stocks for TQQQ

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Diversification Analysis

Build a portfolio that complements TQQQ

Add TQQQ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with TQQQ