Looking to balance out your exposure to COST? The ETFs below have the lowest correlation with COST — they tend to move on their own, which can help reduce risk when COST drops. The stock ideas table highlights individual companies that behave independently from COST.
Best Diversifiers for COST
307 ETFs have low correlation with COST (below 0.3), 224 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.27, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.27 | 0.13 | 0.31 | 76 | Leveraged Equities, Semiconductors | COST vs USD | |
| Roundhill Generative AI & Technology ETF | -0.24 | 0.15 | — | 85 | Technology Equities | COST vs CHAT | |
| Invesco AI and Next Gen Software ETF | -0.23 | 0.18 | 0.33 | 92 | Technology Equities | COST vs IGPT | |
| Direxion Daily Technology Bull 3X Shares | -0.23 | 0.20 | 0.40 | 60 | Leveraged Equities, Technology Equities | COST vs TECL | |
| iShares Future AI & Tech ETF | -0.22 | 0.14 | 0.29 | 75 | Technology Equities | COST vs ARTY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COST and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.24, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.24 | 0.08 | 0.14 | 83 | Technology | |
| NVIDIA Corporation | -0.22 | 0.13 | 0.30 | 70 | Technology | |
| Broadcom Inc. | -0.22 | 0.17 | 0.31 | 72 | Technology | |
| nVent Electric plc | -0.21 | 0.11 | 0.24 | 95 | Industrials | |
| Micron Technology, Inc. | -0.20 | 0.07 | 0.21 | 99 | Technology |
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