Looking to balance out your exposure to COF? The ETFs below have historically moved differently from COF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for COF
0 ETFs have low correlation with COF (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.31, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.31 | 0.40 | 0.48 | 51 | Momentum, S&P 500 | COF vs SPMO | |
| iShares MSCI Japan Small Cap ETF | 0.31 | 0.30 | 0.35 | 61 | Japan Equities, Asia Pacific Equities | COF vs SCJ | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.48 | 0.59 | 95 | Dividend | COF vs SCHD | |
| Invesco QQQ ETF | 0.37 | 0.39 | 0.48 | 58 | Nasdaq-100 | COF vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.37 | 0.39 | 0.48 | 59 | Nasdaq-100 | COF vs QQQM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.21, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.21 | 0.09 | 0.24 | 68 | Energy | |
| EOG Resources, Inc. | -0.20 | 0.08 | 0.23 | 73 | Energy | |
| Chevron Corporation | -0.20 | 0.10 | 0.25 | 79 | Energy | |
| Exxon Mobil Corporation | -0.16 | 0.09 | 0.24 | 85 | Energy | |
| Enbridge Inc. | -0.16 | 0.12 | 0.29 | 82 | Energy |
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Build a portfolio that complements COF
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