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
450 ETFs have low correlation with COWZ (below 0.3), 15 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.06 | -0.04 | 63 | Leveraged Currency | COWZ vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | COWZ vs USFR | |
| Roundhill Weekly T-Bill ETF | -0.04 | — | — | 99 | Ultrashort Bond | COWZ vs WEEK | |
| Obra Opportunistic Structured Products ETF | -0.04 | — | — | 72 | Multisector Bonds | COWZ vs OOSP | |
| TCW AAA CLO ETF | -0.04 | 0.06 | 0.06 | 99 | CLO | COWZ vs ACLO |
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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 Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of 0.00, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | 0.00 | 0.24 | 0.35 | 87 | Real Estate | |
| NVIDIA Corporation | 0.01 | 0.18 | 0.36 | 72 | Technology | |
| Altria Group, Inc. | 0.01 | 0.19 | 0.29 | 72 | Consumer Defensive | |
| Credo Technology Group Holding Ltd | 0.02 | 0.21 | 0.30 | 88 | Technology | |
| GE Vernova Inc. | 0.03 | 0.18 | 0.18 | 89 | Industrials |
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Build a portfolio that complements COWZ
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