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
518 ETFs have low correlation with COPJ (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.30, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.30 | -0.28 | -0.29 | 52 | Cryptocurrency | COPJ vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.32 | -0.32 | 70 | Inverse Equities, Leveraged Equities | COPJ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | -0.33 | -0.33 | 63 | Inverse Equities | COPJ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 73 | Derivative Income | COPJ vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.23 | — | — | 56 | Multistrategy | COPJ vs RSBY |
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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 -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.05 | 0.16 | 0.18 | 78 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.04 | 0.23 | 0.23 | 80 | Energy | |
| Hafnia Limited | 0.04 | — | — | 82 | Industrials | |
| AP Moeller-Maersk AS | 0.08 | 0.13 | — | 70 | Industrials | |
| International Seaways, Inc. | 0.08 | 0.18 | — | 98 | Energy |
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