Looking to diversify beyond COPA.L? The ETFs below have the lowest correlation with COPA.L — 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 COPA.L.
Best Diversifiers for COPA.L
21 ETFs have low correlation with COPA.L (below 0.3), 3 of which are negatively correlated. The least correlated is WisdomTree Brent Crude Oil (BRNT.L) (Oil & Gas) with a 1Y correlation of -0.11, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Brent Crude Oil | -0.11 | 0.13 | 0.25 | 61 | Oil & Gas | COPA.L vs BRNT.L | |
| WisdomTree Soybean Oil | -0.06 | 0.09 | 0.19 | 74 | Agricultural Commodities | COPA.L vs SOYO.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | -0.00 | 0.08 | 0.05 | 79 | Government Bonds | COPA.L vs TFRN.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.01 | 0.03 | 0.05 | 100 | Government Bonds, Ultrashort Bond | COPA.L vs IB01.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | 0.09 | 0.09 | 0.08 | 97 | Government Bonds, Ultrashort Bond | COPA.L vs USFR.L |
See all 53 diversifiers for COPA.L
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