Looking to balance out your exposure to COUR? The ETFs below have the lowest correlation with COUR — they tend to move on their own, which can help reduce risk when COUR drops. The stock ideas table highlights individual companies that behave independently from COUR.
Best Diversifiers for COUR
5 ETFs have low correlation with COUR (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.07 | 0.24 | 0.28 | 85 | Dividend | COUR vs SCHD | |
| Vanguard Total International Stock ETF | 0.16 | 0.30 | 0.37 | 62 | Global Equities | COUR vs VXUS | |
| Vanguard S&P 500 ETF | 0.26 | 0.33 | 0.42 | 74 | S&P 500 | COUR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.32 | 0.42 | 74 | S&P 500 | COUR vs SPY | |
| Schwab U.S. Broad Market ETF | 0.28 | 0.35 | 0.44 | 73 | Large Cap Blend Equities | COUR vs SCHB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COUR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COUR and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | -0.02 | -0.00 | 73 | Consumer Defensive | |
| Energy Transfer LP | -0.06 | 0.12 | 0.19 | 74 | Energy | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.02 | 0.11 | 0.22 | 95 | Technology | |
| NVIDIA Corporation | 0.04 | 0.12 | 0.29 | 80 | Technology | |
| Relay Therapeutics, Inc. | 0.05 | 0.19 | 0.29 | 97 | Healthcare |
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