Looking to balance out your exposure to CCOI? The ETFs below have the lowest correlation with CCOI — they tend to move on their own, which can help reduce risk when CCOI drops. The stock ideas table highlights individual companies that behave independently from CCOI.
Best Diversifiers for CCOI
6 ETFs have low correlation with CCOI (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Copper Miners ETF (COPX) (Materials) with a 1Y correlation of 0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Copper Miners ETF | 0.06 | 0.17 | 0.20 | 77 | Materials | CCOI vs COPX | |
| Xtrackers Harvest CSI 300 China A-Shares Fund | 0.09 | 0.11 | 0.13 | 74 | China Equities | CCOI vs ASHR | |
| Invesco DB Base Metals Fund | 0.11 | 0.15 | 0.14 | 76 | Metals | CCOI vs DBB | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.20 | 0.23 | 0.23 | 86 | Materials | CCOI vs REMX | |
| Invesco Solar ETF | 0.25 | 0.26 | 0.29 | 86 | Alternative Energy Equities | CCOI vs TAN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCOI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCOI and solid risk/return profiles. The least correlated is Agnico Eagle Mines Limited (AEM) (Basic Materials) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agnico Eagle Mines Limited | -0.06 | 0.06 | 0.07 | 68 | Basic Materials | |
| Enterprise Products Partners L.P. | -0.06 | 0.11 | 0.15 | 88 | Energy | |
| Equinor ASA | -0.03 | 0.05 | 0.05 | 83 | Energy | |
| Osisko Gold Royalties Ltd | -0.01 | 0.08 | 0.11 | 63 | Basic Materials | |
| Triple Flag Precious Metals Corp | 0.01 | 0.04 | 0.05 | 59 | Basic Materials |
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