Looking to diversify beyond COPZ? The ETFs below have historically moved differently from COPZ, 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 COPZ
275 ETFs have low correlation with COPZ (below 0.3), 59 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.33 | -0.33 | -0.33 | 53 | Leveraged Equities | COPZ vs NRGU | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | -0.29 | -0.29 | -0.29 | 61 | Infrastructure Equities, MLPs | COPZ vs MLPB | |
| iShares 0-3 Month Treasury Bond ETF | -0.29 | -0.29 | -0.29 | 100 | Ultrashort Bond | COPZ vs SGOV | |
| Westwood Salient Enhanced Midstream Income ETF | -0.28 | -0.28 | -0.28 | 61 | Energy Equities | COPZ vs MDST | |
| Global X MLP ETF | -0.28 | -0.28 | -0.28 | 54 | MLPs | COPZ vs MLPA |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements COPZ
Add COPZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with COPZ