Looking to diversify beyond COMT? The ETFs below have the lowest correlation with COMT — 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 COMT.
Best Diversifiers for COMT
1860 ETFs have low correlation with COMT (below 0.3), 1757 of which are negatively correlated. The least correlated is Avantis Credit ETF (AVGB) (Global Bonds) with a 1Y correlation of -0.42, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.42 | -0.40 | -0.40 | 52 | Global Bonds | COMT vs AVGB | |
| iShares Yield Optimized Bond ETF | -0.39 | -0.13 | -0.05 | 55 | Intermediate Core-Plus Bond | COMT vs BYLD | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.38 | -0.19 | -0.07 | 52 | Nontraditional Bonds | COMT vs UCON | |
| Astoria Dynamic Core US Fixed Income ETF | -0.38 | — | — | 73 | Multisector Bonds | COMT vs AGGA | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.37 | -0.10 | -0.08 | 67 | Emerging Markets Bonds | COMT vs BEMB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COMT and solid risk/return profiles. The least correlated is Ituran Location and Control Ltd. (ITRN) (Technology) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ituran Location and Control Ltd. | -0.17 | 0.01 | 0.08 | 90 | Technology | |
| STMicroelectronics N.V. | -0.14 | 0.01 | 0.06 | 93 | Technology | |
| Ambarella, Inc. | -0.13 | 0.03 | 0.09 | 58 | Technology | |
| American Superconductor Corporation | -0.12 | 0.00 | 0.08 | 61 | Industrials | |
| BHP Group | -0.05 | 0.16 | 0.28 | 92 | Basic Materials |
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Build a portfolio that complements COMT
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