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
410 ETFs have low correlation with COWG (below 0.3), 55 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | -0.48 | -0.48 | 53 | Inverse Equities | COWG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | -0.47 | -0.47 | 68 | Inverse Equities, Leveraged Equities | COWG vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.47 | -0.36 | -0.35 | 57 | Cryptocurrency | COWG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | COWG vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | -0.46 | — | 70 | Derivative Income | COWG vs WNTR |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CBL & Associates Properties, Inc. | 0.11 | 0.28 | — | 98 | ||
| Broadcom Inc. | 0.55 | 0.65 | 0.66 | 71 | Technology | |
| BlackRock Science and Technology Trust | 0.66 | 0.71 | 0.71 | 85 | Financial Services |
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