Looking to balance out your exposure to COP? The ETFs below have the lowest correlation with COP — they tend to move on their own, which can help reduce risk when COP drops. The stock ideas table highlights individual companies that behave independently from COP.
Best Diversifiers for COP
260 ETFs have low correlation with COP (below 0.3), 211 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund ETF Shares (BSV) (Short-Term Bond) with a 1Y correlation of -0.33, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.33 | -0.19 | -0.13 | 68 | Short-Term Bond | COP vs BSV | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.32 | -0.10 | — | 72 | Multisector Bonds | COP vs PYLD | |
| Vanguard Emerging Markets Government Bond ETF | -0.31 | -0.05 | 0.04 | 61 | Emerging Markets Bonds | COP vs VWOB | |
| Vanguard Short-Term Corporate Bond ETF | -0.31 | -0.15 | -0.07 | 79 | Corporate Bonds | COP vs VCSH | |
| Schwab Short-Term U.S. Treasury ETF | -0.29 | -0.20 | -0.14 | 89 | Government Bonds, Short-Term Bond | COP vs SCHO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COP and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of -0.24, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.24 | 0.00 | 0.18 | 76 | Industrials | |
| Delta Air Lines, Inc. | -0.23 | -0.03 | 0.11 | 80 | Industrials | |
| Lam Research Corporation | -0.22 | -0.03 | 0.09 | 97 | Technology | |
| ASML Holding N.V. | -0.20 | -0.03 | 0.09 | 94 | Technology | |
| Howmet Aerospace Inc. | -0.19 | 0.04 | 0.22 | 86 | Industrials |
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