Looking to balance out your exposure to COHR? The ETFs below have the lowest correlation with COHR — they tend to move on their own, which can help reduce risk when COHR drops. The stock ideas table highlights individual companies that behave independently from COHR.
Best Diversifiers for COHR
8 ETFs have low correlation with COHR (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.04 | -0.01 | 100 | Ultrashort Bond | COHR vs SGOV | |
| VanEck Commodity Strategy ETF | 0.04 | 0.08 | — | 59 | Commodities | COHR vs PIT | |
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.25 | 0.37 | 77 | Dividend | COHR vs SCHD | |
| VanEck Oil Refiners ETF | 0.13 | 0.22 | 0.31 | 74 | Energy Equities | COHR vs CRAK | |
| Franklin International Low Volatility High Dividen... | 0.28 | 0.28 | 0.34 | 93 | Volatility Hedged Equity, Dividend | COHR vs LVHI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COHR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COHR and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.23, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.23 | -0.08 | 0.06 | 70 | Financial Services | |
| Walmart Inc. | -0.10 | 0.03 | 0.10 | 70 | Consumer Defensive | |
| The TJX Companies, Inc. | -0.09 | 0.15 | 0.25 | 87 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | -0.07 | 0.05 | 0.14 | 83 | Consumer Defensive | |
| Welltower Inc. | 0.01 | 0.08 | 0.18 | 87 | Real Estate |
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