Looking to balance out your exposure to COSM? The ETFs below have the lowest correlation with COSM — they tend to move on their own, which can help reduce risk when COSM drops. The stock ideas table highlights individual companies that behave independently from COSM.
No Diversifiers Found for COSM
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COSM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COSM and solid risk/return profiles. The least correlated is Hudbay Minerals Inc. (HBM) (Basic Materials) with a 1Y correlation of 0.13, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hudbay Minerals Inc. | 0.13 | 0.18 | 0.12 | 94 | Basic Materials |
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