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
63 ETFs have low correlation with COIN (below 0.3), 4 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.02 | -0.01 | 100 | Ultrashort Bond | COIN vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.04 | 0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | COIN vs USFR | |
| F/m US Treasury 3 Month Bill ETF | -0.01 | 0.01 | — | 100 | Ultrashort Bond | COIN vs TBIL | |
| iShares Core High Dividend ETF | -0.00 | 0.10 | 0.19 | 70 | Dividend, Large Cap Value Equities | COIN vs HDV | |
| iShares Treasury Floating Rate Bond ETF | 0.01 | -0.00 | -0.05 | 100 | Government Bonds, Ultrashort Bond | COIN vs TFLO |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.22 | -0.10 | 0.00 | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.17 | -0.11 | -0.02 | 96 | Healthcare | |
| Altria Group, Inc. | -0.16 | -0.02 | 0.01 | 72 | Consumer Defensive | |
| PepsiCo, Inc. | -0.15 | -0.08 | -0.01 | 61 | Consumer Defensive | |
| Chubb Limited | -0.14 | -0.06 | 0.03 | 69 | Financial Services |
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