Looking to diversify beyond COIW? The ETFs below have the lowest correlation with COIW — 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 COIW.
Best Diversifiers for COIW
634 ETFs have low correlation with COIW (below 0.3), 57 of which are negatively correlated. The least correlated is Dimensional National Municipal Bond ETF (DFNM) (Municipal Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional National Municipal Bond ETF | -0.10 | -0.14 | — | 79 | Municipal Bonds | COIW vs DFNM | |
| Obra Opportunistic Structured Products ETF | -0.10 | — | — | 68 | Multisector Bonds | COIW vs OOSP | |
| iShares Diversified Commodity Swap UCITS ETF | -0.10 | -0.08 | -0.08 | 83 | Commodities | COIW vs ISCMF | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | 0.00 | 0.00 | 100 | Ultrashort Bond | COIW vs CSHP | |
| First Trust Merger Arbitrage ETF | -0.08 | 0.01 | 0.01 | 52 | Long-Short | COIW vs MARB |
See all 2116 diversifiers for COIW
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