Looking to balance out your exposure to COLM? The ETFs below have the lowest correlation with COLM — they tend to move on their own, which can help reduce risk when COLM drops. The stock ideas table highlights individual companies that behave independently from COLM.
Best Diversifiers for COLM
0 ETFs have low correlation with COLM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.31 | 0.49 | 74 | S&P 500 | COLM vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COLM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COLM and solid risk/return profiles. The least correlated is Tapestry, Inc. (TPR) (Consumer Cyclical) with a 1Y correlation of 0.39, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tapestry, Inc. | 0.39 | 0.40 | 0.53 | 86 | Consumer Cyclical | |
| Levi Strauss & Co. | 0.52 | 0.45 | 0.54 | 69 | Consumer Cyclical | |
| Crocs, Inc. | 0.60 | 0.48 | 0.54 | 56 | Consumer Cyclical |
Build a portfolio that complements COLM
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