Looking to diversify beyond COIO? The ETFs below have the lowest correlation with COIO — 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 COIO.
Best Diversifiers for COIO
0 ETFs have low correlation with COIO (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long TSM Daily ETF (TSMG) (Leveraged Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long TSM Daily ETF | 0.35 | 0.35 | 0.35 | 89 | Leveraged Equities | COIO vs TSMG | |
| Innovator Equity Defined Protection ETF - 1 Yr May | 0.42 | — | — | 97 | Defined Outcome | COIO vs ZMAY | |
| iShares Large Cap Max Buffer Mar ETF | 0.42 | 0.42 | 0.42 | 99 | Defined Outcome | COIO vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | 0.45 | 0.45 | 0.45 | 98 | Defined Outcome, S&P 500 | COIO vs PMMY | |
| iShares Large Cap Max Buffer Sep ETF | 0.49 | — | — | 93 | Defined Outcome | COIO vs SMAX |
See all 9 diversifiers for COIO
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