Looking to balance out your exposure to COF? The ETFs below have the lowest correlation with COF — they tend to move on their own, which can help reduce risk when COF drops. The stock ideas table highlights individual companies that behave independently from COF.
Best Diversifiers for COF
0 ETFs have low correlation with COF (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Japan Small Cap ETF (SCJ) (Japan Equities) with a 1Y correlation of 0.31, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.31 | 0.30 | 0.35 | 68 | Japan Equities, Asia Pacific Equities | COF vs SCJ | |
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.48 | 0.59 | 83 | Dividend | COF vs SCHD | |
| Invesco S&P 500 Momentum ETF | 0.36 | 0.41 | 0.49 | 65 | Momentum, S&P 500 | COF vs SPMO | |
| Invesco NASDAQ 100 ETF | 0.39 | 0.40 | 0.49 | 61 | Nasdaq-100 | COF vs QQQM | |
| Invesco QQQ ETF | 0.39 | 0.40 | 0.49 | 61 | Nasdaq-100 | COF vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COF and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.17, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.17 | 0.09 | 0.24 | 63 | Energy | |
| The Coca-Cola Company | -0.17 | -0.01 | 0.12 | 82 | Consumer Defensive | |
| Chevron Corporation | -0.16 | 0.12 | 0.27 | 73 | Energy | |
| Enbridge Inc. | -0.16 | 0.12 | 0.29 | 88 | Energy | |
| Occidental Petroleum Corporation | -0.14 | 0.11 | 0.26 | 64 | Energy |
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Build a portfolio that complements COF
Add COF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with COF