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 0.13, 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 | 0.13 | 0.37 | 0.47 | 70 | 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.05, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.11 | 0.25 | 78 | Technology | |
| Frontline Ltd. | -0.05 | 0.02 | 0.11 | 89 | Energy | |
| Howmet Aerospace Inc. | -0.04 | 0.22 | 0.35 | 79 | Industrials | |
| IES Holdings, Inc. | -0.03 | 0.23 | 0.28 | 91 | Industrials | |
| Teekay Tankers Ltd. | -0.03 | 0.03 | 0.11 | 82 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements COOP
Add COOP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with COOP