Looking to balance out your exposure to COLB? The ETFs below have the lowest correlation with COLB — they tend to move on their own, which can help reduce risk when COLB drops. The stock ideas table highlights individual companies that behave independently from COLB.
Best Diversifiers for COLB
1 ETFs have low correlation with COLB (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.29 | 0.30 | 0.35 | 96 | Semiconductors, Technology Equities | COLB vs SMH | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.47 | 0.50 | 70 | S&P 500 | COLB vs SPY | |
| Vanguard Total Stock Market ETF | 0.52 | 0.51 | 0.54 | 68 | Large Cap Blend Equities | COLB vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COLB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COLB and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.13 | 0.20 | 69 | Consumer Defensive | |
| Bristol-Myers Squibb Company | 0.31 | 0.26 | 0.24 | 63 | Healthcare | |
| Genworth Financial, Inc. | 0.47 | 0.51 | 0.50 | 62 | Financial Services | |
| JPMorgan Chase & Co. | 0.52 | 0.55 | 0.58 | 59 | Financial Services | |
| Flagstar Financial, Inc. | 0.65 | 0.57 | 0.60 | 61 | Financial Services |
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