Looking to diversify beyond COM? The ETFs below have the lowest correlation with COM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from COM.
Best Diversifiers for COM
2065 ETFs have low correlation with COM (below 0.3), 836 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.24 | — | — | 81 | Municipal Bonds | COM vs FMUB | |
| Invesco New York AMT-Free Municipal Bond ETF | -0.24 | -0.04 | -0.02 | 64 | Municipal Bonds | COM vs PZT | |
| Roundhill Weekly T-Bill ETF | -0.23 | — | — | 99 | Ultrashort Bond | COM vs WEEK | |
| F/M 2-Year Investment Grade Corporate Bond ETF | -0.23 | — | — | 90 | Short-Term Bond | COM vs ZTWO | |
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.22 | -0.02 | 0.04 | 63 | Short-Term Bond | COM vs SHAG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COM and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.06 | 0.06 | 80 | Technology |
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