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
17 ETFs have low correlation with COPA.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.04 | 0.01 | 0.03 | 100 | Government Bonds, Ultrashort Bond | COPA.L vs IB01.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | -0.02 | 0.07 | 0.05 | 85 | Government Bonds | COPA.L vs TFRN.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | 0.08 | 0.08 | 0.08 | 68 | Government Bonds, Ultrashort Bond | COPA.L vs USFR.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD Acc | 0.18 | 0.37 | 0.43 | 63 | Commodities | COPA.L vs WCOB.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD | 0.20 | 0.37 | 0.45 | 63 | Commodities | COPA.L vs WCOG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COPA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COPA.L and solid risk/return profiles. The least correlated is Tritax Big Box REIT plc (BBOX.L) (Real Estate) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tritax Big Box REIT plc | 0.08 | 0.06 | 0.06 | 59 | Real Estate |
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