Looking to balance out your exposure to COHU? The ETFs below have the lowest correlation with COHU — they tend to move on their own, which can help reduce risk when COHU drops. The stock ideas table highlights individual companies that behave independently from COHU.
Best Diversifiers for COHU
0 ETFs have low correlation with COHU (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.66, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.66 | 0.65 | 0.72 | 94 | Semiconductors, Technology Equities | COHU vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COHU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COHU and solid risk/return profiles. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of 0.28, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | 0.28 | 0.37 | 0.45 | 99 | Technology | |
| MYR Group Inc. | 0.45 | 0.43 | 0.45 | 97 | Industrials | |
| Sanmina Corporation | 0.50 | 0.57 | 0.57 | 92 | Technology | |
| Keysight Technologies, Inc. | 0.58 | 0.60 | 0.64 | 95 | Technology | |
| Aehr Test Systems | 0.62 | 0.58 | 0.58 | 97 | Technology |
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