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
187 ETFs have low correlation with WQTM (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.53, roughly unchanged from -0.53 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.53 | -0.53 | — | 52 | Cryptocurrency | WQTM vs BITI | |
| Invesco DB Energy Fund | -0.17 | -0.17 | -0.17 | 57 | Oil & Gas | WQTM vs DBE | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.12 | -0.12 | 100 | Ultrashort Bond | WQTM vs SGOV | |
| Global X 1-3 Month T-Bill ETF | -0.12 | -0.12 | — | 100 | Ultrashort Bond | WQTM vs CLIP | |
| United States Gasoline Fund LP | -0.11 | -0.11 | -0.11 | 84 | Oil & Gas | WQTM vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WQTM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WQTM and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.02 | 0.02 | 0.02 | 79 | Healthcare | |
| Howmet Aerospace Inc. | 0.35 | 0.35 | 0.35 | 84 | Industrials | |
| Alphabet Inc. Class A | 0.39 | 0.39 | 0.39 | 96 | Communication Services | |
| NVIDIA Corporation | 0.45 | 0.45 | 0.45 | 63 | Technology | |
| Sandisk Corporation | 0.48 | 0.48 | 0.48 | 100 | Technology |
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