Looking to diversify beyond COWS? The ETFs below have the lowest correlation with COWS — 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 COWS.
Best Diversifiers for COWS
383 ETFs have low correlation with COWS (below 0.3), 49 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.56, roughly unchanged from -0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.56 | -0.56 | -0.56 | 99 | Leveraged Equities, Semiconductors | COWS vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 68 | Inverse Equities, Leveraged Equities | COWS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | -0.35 | -0.35 | 60 | Inverse Equities | COWS vs SMST | |
| ProShares Short Bitcoin ETF | -0.33 | -0.28 | -0.28 | 57 | Cryptocurrency | COWS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | COWS vs SBIT |
See all 2047 diversifiers for COWS
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Diversification Analysis
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