Looking to diversify beyond COPA? The ETFs below have the lowest correlation with COPA — 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.
Best Diversifiers for COPA
451 ETFs have low correlation with COPA (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.32 | -0.32 | 53 | Cryptocurrency | COPA vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 65 | Inverse Equities, Leveraged Equities | COPA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 70 | Derivative Income | COPA vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 56 | Inverse Equities | COPA vs SMST | |
| Return Stacked Bonds & Futures Yield ETF | -0.22 | — | — | 54 | Multistrategy | COPA vs RSBY |
See all 2065 diversifiers for COPA
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements COPA
Add COPA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with COPA