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
303 ETFs have low correlation with COST (below 0.3), 225 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.21, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.21 | 0.17 | 0.33 | 90 | Leveraged Equities, Semiconductors | COST vs USD | |
| YieldMax NVDA Option Income Strategy ETF | -0.21 | 0.14 | — | 52 | Derivative Income, Options Trading | COST vs NVDY | |
| Roundhill Generative AI & Technology ETF | -0.17 | 0.20 | — | 94 | Technology Equities | COST vs CHAT | |
| Invesco AI and Next Gen Software ETF | -0.16 | 0.23 | 0.35 | 94 | Technology Equities | COST vs IGPT | |
| VanEck Fabless Semiconductor ETF | -0.16 | — | — | 93 | Semiconductors, Technology Equities | COST vs SMHX |
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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 Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.25, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.25 | 0.12 | 0.25 | 58 | Technology | |
| NVIDIA Corporation | -0.20 | 0.15 | 0.30 | 78 | Technology | |
| Credo Technology Group Holding Ltd | -0.19 | 0.10 | 0.16 | 85 | Technology | |
| Lumentum Holdings Inc. | -0.18 | 0.08 | 0.20 | 99 | Technology | |
| Reddit, Inc. | -0.17 | — | — | 62 | Communication Services |
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