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
521 ETFs have low correlation with COWZ (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.14, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.14 | -0.05 | -0.04 | 61 | Leveraged Currency | COWZ vs YCS | |
| FlexShares Ultra-Short Income ETF | -0.06 | 0.11 | 0.10 | 99 | Ultrashort Bond | COWZ vs RAVI | |
| Breakwave Tanker Shipping ETF | -0.06 | 0.01 | — | 99 | Commodities | COWZ vs BWET | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.05 | — | — | 98 | Inflation-Protected Bonds | COWZ vs IBIC | |
| United States Oil Fund LP | -0.05 | 0.15 | 0.25 | 66 | Oil & Gas | COWZ vs USO |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.01, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.01 | 0.16 | 0.35 | 78 | Technology | |
| Ventas, Inc. | 0.02 | 0.25 | 0.35 | 80 | Real Estate | |
| Altria Group, Inc. | 0.02 | 0.21 | 0.30 | 69 | Consumer Defensive | |
| Centrus Energy Corp. | 0.02 | 0.24 | 0.36 | 55 | Energy | |
| Credo Technology Group Holding Ltd | 0.03 | 0.22 | 0.31 | 85 | Technology |
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