Looking to balance out your exposure to COOP? The ETFs below have the lowest correlation with COOP — they tend to move on their own, which can help reduce risk when COOP drops. The stock ideas table highlights individual companies that behave independently from COOP.
Best Diversifiers for COOP
1 ETFs have low correlation with COOP (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.11, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.11 | 0.37 | 0.47 | 60 | S&P 500 | COOP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COOP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COOP and solid risk/return profiles. The least correlated is Kratos Defense & Security Solutions, Inc. (KTOS) (Industrials) with a 1Y correlation of -0.09, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kratos Defense & Security Solutions, Inc. | -0.09 | 0.18 | 0.25 | 51 | Industrials | |
| NVIDIA Corporation | -0.06 | 0.11 | 0.25 | 70 | Technology | |
| Comfort Systems USA, Inc. | -0.05 | 0.26 | 0.36 | 98 | Industrials | |
| Amphenol Corporation | -0.03 | 0.22 | 0.32 | 82 | Technology | |
| Howmet Aerospace Inc. | -0.03 | 0.20 | 0.35 | 86 | Industrials |
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