Looking to diversify beyond COIG? The ETFs below have the lowest correlation with COIG — 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 COIG.
Best Diversifiers for COIG
598 ETFs have low correlation with COIG (below 0.3), 30 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.79, roughly unchanged from -0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.79 | -0.76 | -0.76 | 60 | Inverse Equities, Leveraged Equities | COIG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.78 | -0.75 | -0.75 | 53 | Inverse Equities | COIG vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.76 | — | — | 65 | Derivative Income | COIG vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.23 | — | — | 60 | Inverse Equities | COIG vs NFXS | |
| Return Stacked Bonds & Futures Yield ETF | -0.19 | — | — | 51 | Multistrategy | COIG vs RSBY |
See all 2058 diversifiers for COIG
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