Looking to diversify beyond COPX? The ETFs below have the lowest correlation with COPX — 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 COPX.
Best Diversifiers for COPX
356 ETFs have low correlation with COPX (below 0.3), 21 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.19 | -0.17 | 61 | Leveraged Currency | COPX vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | -0.17 | -0.17 | 97 | Inflation-Protected Bonds | COPX vs RBIL | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | COPX vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.12 | 0.05 | 0.05 | 98 | Inflation-Protected Bonds | COPX vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.03 | -0.02 | 100 | Ultrashort Bond | COPX vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COPX and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.13 | -0.01 | 0.03 | 58 | Utilities | |
| The Allstate Corporation | -0.10 | -0.01 | 0.13 | 64 | Financial Services | |
| Chubb Limited | -0.10 | -0.06 | 0.11 | 68 | Financial Services | |
| Altria Group, Inc. | -0.09 | 0.02 | 0.11 | 70 | Consumer Defensive | |
| ONEOK, Inc. | -0.07 | 0.18 | 0.36 | 52 | Energy |
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Build a portfolio that complements COPX
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