Looking to diversify beyond COPJ? The ETFs below have the lowest correlation with COPJ — 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 COPJ.
Best Diversifiers for COPJ
409 ETFs have low correlation with COPJ (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.14 | — | 63 | Leveraged Currency | COPJ vs YCS | |
| United States Gasoline Fund LP | -0.15 | 0.08 | — | 55 | Oil & Gas | COPJ vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | — | — | 97 | Inflation-Protected Bonds | COPJ vs RBIL | |
| TCW AAA CLO ETF | -0.12 | — | — | 99 | CLO | COPJ vs ACLO | |
| Texas Capital Government Money Market ETF | -0.08 | — | — | 100 | Money Market | COPJ vs MMKT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COPJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COPJ and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.03 | 0.16 | 0.19 | 72 | Energy | |
| Hafnia Limited | 0.04 | 0.19 | 0.19 | 80 | Industrials | |
| Petróleo Brasileiro S.A. - Petrobras | 0.08 | 0.25 | — | 75 | Energy | |
| International Seaways, Inc. | 0.10 | 0.19 | 0.20 | 97 | Energy | |
| AP Moeller-Maersk AS | 0.11 | 0.15 | — | 69 | Industrials |
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