Looking to diversify beyond GCOW? The ETFs below have the lowest correlation with GCOW — 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 GCOW.
Best Diversifiers for GCOW
1049 ETFs have low correlation with GCOW (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.29 | -0.23 | 61 | Leveraged Currency | GCOW vs YCS | |
| TCW AAA CLO ETF | -0.11 | -0.06 | -0.06 | 99 | CLO | GCOW vs ACLO | |
| Roundhill Weekly T-Bill ETF | -0.08 | — | — | 99 | Ultrashort Bond | GCOW vs WEEK | |
| iShares Treasury Floating Rate Bond ETF | -0.07 | -0.02 | -0.05 | 100 | Government Bonds, Ultrashort Bond | GCOW vs TFLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.00 | -0.02 | 100 | Ultrashort Bond | GCOW vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GCOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GCOW and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.03 | 0.09 | 0.18 | 70 | Technology | |
| NVIDIA Corporation | -0.02 | 0.09 | 0.24 | 78 | Technology | |
| Broadcom Inc. | 0.02 | 0.12 | 0.27 | 84 | Technology | |
| Arista Networks, Inc. | 0.06 | 0.11 | 0.24 | 79 | Technology | |
| BlackRock Science and Technology Trust | 0.06 | 0.23 | 0.37 | 88 | Financial Services |
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