Looking to balance out your exposure to COST? The ETFs below have historically moved differently from COST, 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 COST
315 ETFs have low correlation with COST (below 0.3), 234 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.29, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.29 | 0.11 | 0.30 | 56 | Leveraged Equities, Semiconductors | COST vs USD | |
| Roundhill Generative AI & Technology ETF | -0.28 | 0.14 | — | 73 | Artificial Intelligence, Technology Equities | COST vs CHAT | |
| Invesco AI and Next Gen Software ETF | -0.27 | 0.16 | 0.32 | 83 | Artificial Intelligence, Technology Equities | COST vs IGPT | |
| Fidelity MSCI Information Technology Index ETF | -0.26 | 0.19 | 0.39 | 59 | Technology Equities | COST vs FTEC | |
| iShares Global Tech ETF | -0.26 | 0.18 | 0.38 | 66 | Technology Equities | COST vs IXN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COST, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.27, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.27 | 0.07 | 0.13 | 76 | Technology | |
| nVent Electric plc | -0.25 | 0.10 | 0.23 | 86 | Industrials | |
| ATI Inc. | -0.24 | 0.08 | 0.17 | 98 | Industrials | |
| Broadcom Inc. | -0.24 | 0.15 | 0.29 | 69 | Technology | |
| NVIDIA Corporation | -0.24 | 0.11 | 0.29 | 59 | Technology |
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