Looking to diversify beyond COAL? The ETFs below have historically moved differently from COAL, 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 COAL
2118 ETFs have low correlation with COAL (below 0.3), 231 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 | -0.19 | — | — | 69 | Derivative Income | COAL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.17 | — | — | 51 | Cryptocurrency | COAL vs BITI | |
| Fidelity Low Duration Bond ETF | -0.16 | -0.04 | — | 98 | Short-Term Bond | COAL vs FLDB | |
| iShares U.S. Insurance ETF | -0.15 | 0.04 | 0.04 | 54 | Financials Equities | COAL vs IAK | |
| Fidelity Municipal Bond Opportunities ETF | -0.15 | — | — | 69 | Municipal Bonds | COAL vs FMUB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COAL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | 0.22 | — | — | 53 | Energy | |
| Cenovus Energy Inc. | 0.33 | 0.34 | 0.34 | 95 | Energy | |
| Alliance Resource Partners, L.P. | 0.42 | — | — | 54 | Energy |
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