Looking to balance out your exposure to COIN? The ETFs below have the lowest correlation with COIN — they tend to move on their own, which can help reduce risk when COIN drops. The stock ideas table highlights individual companies that behave independently from COIN.
Best Diversifiers for COIN
74 ETFs have low correlation with COIN (below 0.3), 4 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.24, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.24 | -0.24 | -0.24 | 99 | Leveraged Equities, Semiconductors | COIN vs MUU | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | 0.03 | -0.00 | 100 | Government Bonds, Ultrashort Bond | COIN vs USFR | |
| Vanguard Ultra-Short Treasury ETF | -0.00 | — | — | 100 | Ultrashort Bond, Government Bonds | COIN vs VGUS | |
| State Street Energy Select Sector SPDR ETF | -0.00 | 0.09 | 0.14 | 54 | Energy Equities | COIN vs XLE | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.00 | 0.05 | 0.10 | 60 | Commodities | COIN vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COIN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.04 | 0.01 | 78 | Consumer Defensive | |
| The Coca-Cola Company | -0.18 | -0.09 | 0.00 | 82 | Consumer Defensive | |
| Johnson & Johnson | -0.16 | -0.10 | -0.02 | 97 | Healthcare | |
| CVS Health Corporation | -0.12 | 0.02 | 0.06 | 92 | Healthcare | |
| Colgate-Palmolive Company | -0.12 | -0.06 | -0.03 | 50 | Consumer Defensive |
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