Looking to diversify beyond COWZ? The ETFs below have historically moved differently from COWZ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for COWZ
734 ETFs have low correlation with COWZ (below 0.3), 21 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 69 | Derivative Income | COWZ vs WNTR | |
| ProShares Short Bitcoin ETF | -0.23 | -0.26 | — | 51 | Cryptocurrency | COWZ vs BITI | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.15 | -0.11 | -0.02 | 51 | Nontraditional Bonds | COWZ vs RISR | |
| ProShares UltraShort Yen | -0.13 | -0.07 | -0.05 | 59 | Leveraged Currency | COWZ vs YCS | |
| Invesco DB Energy Fund | -0.09 | 0.11 | 0.27 | 66 | Oil & Gas | COWZ vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COWZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.08, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.08 | 0.17 | 0.27 | 77 | Technology | |
| NVIDIA Corporation | -0.05 | 0.15 | 0.34 | 61 | Technology | |
| GE Vernova Inc. | -0.05 | 0.15 | 0.15 | 77 | Industrials | |
| Nebius Group N.V. | -0.03 | 0.14 | 0.14 | 94 | Communication Services | |
| Western Digital Corporation | -0.02 | 0.22 | 0.40 | 99 | Technology |
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