Looking to diversify beyond WQTM? The ETFs below have the lowest correlation with WQTM — 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 WQTM.
Best Diversifiers for WQTM
198 ETFs have low correlation with WQTM (below 0.3), 44 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.22 | -0.22 | -0.22 | 66 | Oil & Gas | WQTM vs USO | |
| United States Brent Oil Fund LP | -0.18 | -0.18 | -0.18 | 65 | Oil & Gas | WQTM vs BNO | |
| United States Gasoline Fund LP | -0.17 | -0.17 | -0.17 | 69 | Oil & Gas | WQTM vs UGA | |
| Invesco DB Oil Fund | -0.15 | -0.15 | -0.15 | 65 | Oil & Gas | WQTM vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.14 | -0.14 | -0.14 | 54 | Leveraged Commodities | WQTM vs UCO |
See all 987 diversifiers for WQTM
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