Looking to balance out your exposure to COGT? The ETFs below have the lowest correlation with COGT — they tend to move on their own, which can help reduce risk when COGT drops. The stock ideas table highlights individual companies that behave independently from COGT.
Best Diversifiers for COGT
1 ETFs have low correlation with COGT (below 0.3), 0 of which are negatively correlated. The least correlated is Avantis International Small Cap Value ETF (AVDV) (Foreign Small & Mid Cap Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis International Small Cap Value ETF | 0.25 | 0.25 | 0.24 | 78 | Foreign Small & Mid Cap Equities | COGT vs AVDV | |
| Vanguard S&P 500 ETF | 0.38 | 0.35 | 0.31 | 70 | S&P 500 | COGT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COGT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COGT and solid risk/return profiles. The least correlated is EchoStar Corporation (SATS) (Technology) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EchoStar Corporation | 0.05 | 0.20 | 0.22 | 99 | Technology | |
| Micron Technology, Inc. | 0.12 | 0.16 | 0.16 | 99 | Technology | |
| AXT, Inc. | 0.13 | 0.19 | 0.22 | 99 | Technology | |
| Indivior PLC Ordinary Shares | 0.14 | 0.24 | 0.14 | 97 | Healthcare | |
| Bloom Energy Corporation | 0.15 | 0.21 | 0.27 | 99 | Industrials |
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