Looking to diversify beyond COSW? The ETFs below have the lowest correlation with COSW — 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 COSW.
Best Diversifiers for COSW
2016 ETFs have low correlation with COSW (below 0.3), 1430 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.24, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.24 | -0.24 | -0.24 | 54 | Technology Equities | COSW vs XLK | |
| Invesco S&P 500 Momentum ETF | -0.24 | -0.24 | -0.24 | 51 | Momentum, S&P 500 | COSW vs SPMO | |
| iShares Future AI & Tech ETF | -0.24 | -0.24 | -0.24 | 61 | Technology Equities | COSW vs ARTY | |
| iShares Global Tech ETF | -0.24 | -0.24 | -0.24 | 64 | Technology Equities | COSW vs IXN | |
| Global X Information Technology Covered Call & Gro... | -0.24 | -0.24 | -0.24 | 67 | Derivative Income | COSW vs TYLG |
See all 2018 diversifiers for COSW
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