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28 Stocks and 72 ETFs for diversifying QQA (Invesco QQQ Income Advantage ETF)

The least correlated asset to QQA (Invesco QQQ Income Advantage ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with QQA

SymbolName
Market cap
SectorIndustry
Correlation
CPLPCapital Product Partners L P$355MN/AN/A-1.00
PLMIUPlum Acquisition Corp I - Units (1 Ord Share Class A & 1/5 War)$232MN/AN/A-1.00
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.98
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.82
ITIIteris Inc$316MN/AN/A-0.82
PIRSPieris Pharmaceuticals Inc$24MN/AN/A-0.81
TWKSThoughtworks Holding Inc$1.45BN/AN/A-0.80
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.77
EDConsolidated Edison Inc$40BUtilitiesUtilities - Regulated Electric-0.70
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.69
AWKAmerican Water Works Co. Inc$25BUtilitiesUtilities - Regulated Water-0.63
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.61
MLGOMicroAlgo Inc$31MTechnologySoftware - Infrastructure-0.60
OPTNOptiNose Inc$112MN/AN/A-0.60
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.59
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.57
IVCPUAleAnna Inc - Units (1 Ord Share Class A & 1/2 War)$308MN/AN/A-0.56
CDMOAvid Bioservices Inc$797MN/AN/A-0.55
DMDesktop Metal Inc - Class A$165MN/AN/A-0.55
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.55
EXCExelon Corp$47BUtilitiesUtilities - Regulated Electric-0.55
TAKTakeda Pharmaceutical Company$51BHealthcareDrug Manufacturers - Specialty & Generic-0.54
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.54
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.53
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.53
ADCAgree Realty Corp$9.32BReal EstateReit - Retail-0.53
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.52
UBXGU-BX Technology Ltd$6.42MCommunication ServicesAdvertising Agencies-0.52

ETFs that lowly correlated with QQA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.98
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.97
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.97
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.96
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.95
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.94
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.92
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.91
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.86
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.86
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.84
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.83
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.82
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.81
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.81
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.81
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.80
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.80
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.80
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.80
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.79
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.78
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.78
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.78
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.78
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.78
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.77
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.76
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.76
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.76
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.73
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.72
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.71
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.70
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.70
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.70
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.69
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.68
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.67
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.67
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.66
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.61
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.60
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.60
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.60
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.60
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.59
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $276M0.98%May 13, 2019-0.59
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.59
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.59
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.58
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.58
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.58
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.56
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.56
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.56
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.55
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.55
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.55
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.55
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.55
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.55
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.55
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.54
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.54
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.54
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.53
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.53
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.52