Looking to diversify beyond COLO? The ETFs below have historically moved differently from COLO, 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 COLO
749 ETFs have low correlation with COLO (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, down from -0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.22 | — | 51 | Cryptocurrency | COLO vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 69 | Derivative Income | COLO vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | 0.04 | 0.04 | 98 | Inflation-Protected Bonds | COLO vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | COLO vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 96 | Inflation-Protected Bonds | COLO vs IBID |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COLO, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.06, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.06 | 0.11 | 0.25 | 61 | Financial Services | |
| NextEra Energy, Inc. | 0.12 | 0.17 | 0.19 | 77 | Utilities | |
| Amazon.com, Inc | 0.23 | 0.21 | 0.24 | 72 | Consumer Cyclical | |
| First Solar, Inc. | 0.23 | 0.30 | 0.27 | 61 | Technology | |
| Eaton Corporation plc | 0.25 | 0.28 | 0.30 | 59 | Industrials |
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