Looking to diversify beyond COPX? The ETFs below have historically moved differently from COPX, 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 COPX
560 ETFs have low correlation with COPX (below 0.3), 56 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | COPX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.39 | -0.27 | — | 61 | Cryptocurrency | COPX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 52 | Inverse Equities | COPX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | COPX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | — | — | 75 | Derivative Income | COPX vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COPX, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.22, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.22 | -0.07 | 0.10 | 89 | Financial Services | |
| The Allstate Corporation | -0.21 | -0.04 | 0.10 | 82 | Financial Services | |
| Altria Group, Inc. | -0.21 | -0.03 | 0.08 | 66 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.20 | -0.05 | 0.02 | 59 | Utilities | |
| Cheniere Energy, Inc. | -0.15 | 0.08 | 0.23 | 57 | Energy |
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