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), 198 of which are negatively correlated. The least correlated is Schwab Short-Term U.S. Treasury ETF (SCHO) (Government Bonds) with a 1Y correlation of -0.29, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Short-Term U.S. Treasury ETF | -0.29 | -0.18 | -0.14 | 81 | Government Bonds, Short-Term Bond | COP vs SCHO | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.28 | -0.15 | -0.12 | 61 | Short-Term Bond | COP vs BSV | |
| Vanguard Emerging Markets Government Bond ETF | -0.26 | -0.01 | 0.05 | 60 | Emerging Markets Bonds | COP vs VWOB | |
| iShares 1-3 Year Treasury Bond ETF | -0.25 | -0.14 | -0.11 | 79 | Government Bonds, Short-Term Bond | COP vs SHY | |
| Fidelity Blue Chip Growth ETF | -0.23 | -0.01 | 0.14 | 57 | Large Cap Growth Equities | COP vs FBCG |
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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 ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.20 | -0.02 | 0.10 | 94 | Technology | |
| Lam Research Corporation | -0.19 | -0.02 | 0.11 | 98 | Technology | |
| General Electric Company | -0.19 | 0.05 | 0.20 | 65 | Industrials | |
| HSBC Holdings plc | -0.16 | 0.06 | 0.20 | 90 | Financial Services | |
| Broadcom Inc. | -0.16 | 0.00 | 0.10 | 84 | Technology |
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