Looking to diversify beyond COWG? The ETFs below have the lowest correlation with COWG — 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 COWG.
Best Diversifiers for COWG
318 ETFs have low correlation with COWG (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.01 | — | 61 | Leveraged Currency | COWG vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | — | — | 98 | Inflation-Protected Bonds | COWG vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | COWG vs CSHP | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.04 | — | 100 | Government Bonds, Ultrashort Bond | COWG vs USFR | |
| Brookstone Ultra-Short Bond ETF | -0.09 | 0.04 | 0.04 | 98 | Ultrashort Bond | COWG vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COWG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COWG and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.55, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.55 | 0.66 | 0.66 | 75 | Technology | |
| BlackRock Science and Technology Trust | 0.62 | 0.70 | 0.71 | 89 | Financial Services |
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