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
534 ETFs have low correlation with COIW (below 0.3), 36 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.21, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.21 | -0.29 | -0.29 | 55 | Inverse Equities | COIW vs NFXS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | COIW vs CSHP | |
| Schwab Ultra-Short Income ETF | -0.10 | — | — | 99 | Ultrashort Bond | COIW vs SCUS | |
| Obra Opportunistic Structured Products ETF | -0.08 | — | — | 72 | Multisector Bonds | COIW vs OOSP | |
| Brookmont Catastrophic Bond ETF | -0.08 | -0.08 | -0.08 | 96 | Nontraditional Bonds | COIW vs ILS |
See all 1949 diversifiers for COIW
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