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17 Stocks and 83 ETFs for diversifying QYLD (GLOBAL X NASDAQ 100 COVERED CALL ETF)

The least correlated asset to QYLD (GLOBAL X NASDAQ 100 COVERED CALL ETF) is ETF SH (ProShares Short S&P500 -1x Shares). The correlation is -0.8682.

Stocks that lowly correlated with QYLD

SymbolName
Market cap
SectorIndustry
Correlation
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.59
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.55
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.54
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.53
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.52
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.52
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.51
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.51
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.51
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.48
KGKING PHARMACEUTICALS INC$85MFinancial ServicesInsurance - Reinsurance-0.46
LZMHLZ Technology Holdings Ltd - Class B$9.09MTechnologyInformation Technology Services-0.46
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.46
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.46
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.45
CNLCollective Mining Ltd.$1.40BBasic MaterialsGold-0.44
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.44

ETFs that lowly correlated with QYLD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.87
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.87
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.86
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.85
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.81
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.79
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.79
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.79
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.78
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.78
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.78
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.78
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.78
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.77
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.76
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.76
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.75
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.75
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.75
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.75
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.74
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.73
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.73
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.73
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.73
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.72
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.72
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.72
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.72
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.71
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.70
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.70
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.70
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.69
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.68
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.68
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.67
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.67
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.67
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.67
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.66
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.66
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.66
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.65
FNGDBank of Montreal$68MN/AJan 22, 2018-0.65
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.65
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.64
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.64
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.63
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.63
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.63
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.62
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.62
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.62
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.61
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.60
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.60
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.59
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.59
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.57
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.57
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.56
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.54
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.54
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.54
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.54
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.53
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.53
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.52
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.52
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.51
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.50
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.50
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.50
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.47
GGLSDIREXION DAILY GOOGL BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.47
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.46
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.46
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.46
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.46
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.45
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.45
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.43