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
1071 ETFs have low correlation with GCOW (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.29 | -0.24 | 73 | Leveraged Currency | GCOW vs YCS | |
| ProShares Short Bitcoin ETF | -0.19 | -0.18 | — | 52 | Cryptocurrency | GCOW vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | — | — | 70 | Inverse Equities, Leveraged Equities | GCOW vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.18 | — | — | 63 | Inverse Equities | GCOW vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.17 | — | — | 73 | Derivative Income | GCOW vs WNTR |
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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 Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of -0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | -0.07 | 0.11 | 0.21 | 60 | Technology | |
| CrowdStrike Holdings, Inc. | -0.03 | 0.08 | 0.19 | 81 | Technology | |
| NVIDIA Corporation | -0.02 | 0.08 | 0.24 | 63 | Technology | |
| Broadcom Inc. | -0.02 | 0.10 | 0.25 | 67 | Technology | |
| BlackRock Science and Technology Trust | 0.03 | 0.20 | 0.36 | 82 | Financial Services |
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