Looking to diversify beyond COPJ? The ETFs below have historically moved differently from COPJ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for COPJ
499 ETFs have low correlation with COPJ (below 0.3), 39 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | -0.30 | — | 58 | Derivative Income | COPJ vs WNTR | |
| United States Gasoline Fund, LP | -0.17 | 0.07 | — | 72 | Oil & Gas | COPJ vs UGA | |
| ProShares UltraShort Yen | -0.17 | -0.13 | — | 56 | Leveraged Currency | COPJ vs YCS | |
| Invesco DB Energy Fund | -0.16 | 0.08 | 0.12 | 54 | Oil & Gas | COPJ vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | -0.12 | -0.12 | 97 | Inflation-Protected Bonds | COPJ vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COPJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.16 | 0.18 | 84 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.22 | 0.22 | 79 | Energy | |
| Hafnia Limited | 0.05 | — | — | 70 | Industrials | |
| AP Moeller-Maersk AS | 0.07 | 0.13 | — | 68 | Industrials | |
| International Seaways, Inc. | 0.07 | 0.17 | 0.19 | 97 | Industrials |
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