Looking to balance out your exposure to COMP? The ETFs below have the lowest correlation with COMP — they tend to move on their own, which can help reduce risk when COMP drops. The stock ideas table highlights individual companies that behave independently from COMP.
Best Diversifiers for COMP
1 ETFs have low correlation with COMP (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) (Nasdaq-100) with a 1Y correlation of 0.25, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.25 | 0.32 | 0.40 | 90 | Nasdaq-100, Momentum | COMP vs QQQA | |
| Invesco QQQ ETF | 0.31 | 0.37 | 0.45 | 74 | Nasdaq-100 | COMP vs QQQ | |
| Vanguard S&P 500 ETF | 0.36 | 0.42 | 0.47 | 74 | S&P 500 | COMP vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COMP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COMP and solid risk/return profiles. The least correlated is Emera Inc (EMA) (Utilities) with a 1Y correlation of -0.17, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emera Inc | -0.17 | -0.16 | -0.16 | 79 | Utilities | |
| Welltower Inc. | 0.02 | 0.13 | 0.18 | 80 | Real Estate | |
| Seagate Technology plc | 0.07 | 0.20 | 0.28 | 99 | Technology | |
| Gold Fields Limited | 0.10 | 0.15 | 0.12 | 71 | Basic Materials | |
| Oracle Corporation | 0.12 | 0.19 | 0.25 | 61 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements COMP
Add COMP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with COMP