Looking to balance out your exposure to COLD? The ETFs below have the lowest correlation with COLD — they tend to move on their own, which can help reduce risk when COLD drops. The stock ideas table highlights individual companies that behave independently from COLD.
Best Diversifiers for COLD
7 ETFs have low correlation with COLD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.08 | 0.17 | 0.27 | 83 | Technology Equities | COLD vs XLK | |
| Invesco QQQ ETF | 0.15 | 0.21 | 0.30 | 73 | Nasdaq-100 | COLD vs QQQ | |
| Global X Artificial Intelligence & Technology ETF | 0.17 | 0.24 | 0.32 | 81 | Technology Equities | COLD vs AIQ | |
| iShares Core S&P 500 ETF | 0.23 | 0.32 | 0.39 | 70 | S&P 500 | COLD vs IVV | |
| Pacer Trendpilot US Large Cap ETF | 0.24 | 0.30 | 0.29 | 53 | Large Cap Blend Equities | COLD vs PTLC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COLD and solid risk/return profiles. The least correlated is Gladstone Land Corporation (LANDM) (Real Estate) with a 1Y correlation of 0.00, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Gladstone Land Corporation | 0.00 | -0.02 | 0.01 | 98 | Real Estate | |
| Arista Networks, Inc. | 0.01 | 0.09 | 0.18 | 79 | Technology | |
| Corning Incorporated | 0.04 | 0.19 | 0.26 | 98 | Technology | |
| Penumbra, Inc. | 0.04 | 0.16 | 0.24 | 66 | Healthcare | |
| Walmart Inc. | 0.04 | 0.14 | 0.20 | 63 | Consumer Defensive |
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