Looking to diversify beyond COWZ? The ETFs below have the lowest correlation with COWZ — 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 COWZ.
Best Diversifiers for COWZ
594 ETFs have low correlation with COWZ (below 0.3), 23 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 68 | Inverse Equities, Leveraged Equities | COWZ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 60 | Inverse Equities | COWZ vs SMST | |
| ProShares Short Bitcoin ETF | -0.27 | -0.28 | -0.32 | 57 | Cryptocurrency | COWZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | COWZ vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 70 | Derivative Income | COWZ vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COWZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COWZ and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.04, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.04 | 0.19 | 0.28 | 83 | Technology | |
| NVIDIA Corporation | -0.04 | 0.17 | 0.35 | 65 | Technology | |
| GE Vernova Inc. | 0.01 | 0.19 | 0.19 | 89 | Industrials | |
| Nebius Group N.V. | 0.02 | 0.18 | 0.18 | 96 | Communication Services | |
| Amphenol Corporation | 0.03 | 0.29 | 0.45 | 80 | Technology |
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