Looking to diversify beyond COPP? The ETFs below have the lowest correlation with COPP — 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 COPP.
Best Diversifiers for COPP
408 ETFs have low correlation with COPP (below 0.3), 38 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 60 | Inverse Equities, Leveraged Equities | COPP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | -0.31 | -0.31 | 53 | Inverse Equities | COPP vs SMST | |
| Return Stacked Bonds & Futures Yield ETF | -0.27 | — | — | 51 | Multistrategy | COPP vs RSBY | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 65 | Derivative Income | COPP vs WNTR | |
| ProShares UltraShort Yen | -0.25 | — | — | 75 | Leveraged Currency | COPP vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COPP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COPP and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.18, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.18 | -0.11 | -0.11 | 51 | Industrials | |
| Chubb Limited | -0.14 | -0.07 | -0.07 | 83 | Financial Services | |
| Duke Energy Corporation | -0.11 | -0.09 | -0.09 | 63 | Utilities | |
| Altria Group, Inc. | -0.11 | -0.07 | -0.07 | 79 | Consumer Defensive | |
| ConocoPhillips Company | -0.08 | 0.10 | 0.10 | 63 | Energy |
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