Looking to diversify beyond COTG? The ETFs below have the lowest correlation with COTG — 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 COTG.
Best Diversifiers for COTG
2011 ETFs have low correlation with COTG (below 0.3), 1621 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.22 | -0.22 | -0.22 | 64 | Technology Equities | COTG vs IYW | |
| iShares Technology Opportunities Active ETF | -0.22 | -0.22 | -0.22 | 52 | Technology Equities | COTG vs TEK | |
| Franklin Intelligent Machines ETF | -0.22 | -0.22 | -0.22 | 62 | Large Cap Growth Equities | COTG vs IQM | |
| iShares Expanded Tech Sector ETF | -0.22 | -0.22 | -0.22 | 66 | Technology Equities | COTG vs IGM | |
| Direxion Daily Technology Bull 3X Shares | -0.22 | -0.22 | -0.22 | 62 | Leveraged Equities, Technology Equities | COTG vs TECL |
See all 2011 diversifiers for COTG
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