Looking to balance out your exposure to COLD? The ETFs below have historically moved differently from COLD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for COLD
6 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 0.03, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.03 | 0.13 | 0.25 | 62 | Technology Equities | COLD vs XLK | |
| Global X Artificial Intelligence & Technology ETF | 0.09 | 0.20 | 0.29 | 53 | Artificial Intelligence, Technology Equities | COLD vs AIQ | |
| Invesco QQQ ETF | 0.09 | 0.18 | 0.29 | 58 | Nasdaq-100 | COLD vs QQQ | |
| iShares Core S&P 500 ETF | 0.21 | 0.30 | 0.38 | 78 | S&P 500 | COLD vs IVV | |
| Pacer Trendpilot US Large Cap ETF | 0.22 | 0.29 | 0.29 | 55 | Large Cap Blend Equities | COLD vs PTLC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COLD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | -0.07 | 0.04 | 0.14 | 75 | Technology | |
| Devon Energy Corporation | -0.06 | 0.10 | 0.12 | 78 | Energy | |
| Corning Incorporated | 0.01 | 0.15 | 0.24 | 89 | Technology | |
| McKesson Corporation | 0.04 | 0.00 | 0.08 | 62 | Healthcare | |
| Nanobiotix S.A. | 0.06 | 0.13 | 0.11 | 97 | Healthcare |
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