Looking to diversify beyond COPZ? The ETFs below have the lowest correlation with COPZ — 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 COPZ.
Best Diversifiers for COPZ
190 ETFs have low correlation with COPZ (below 0.3), 38 of which are negatively correlated. The least correlated is Return Stacked Bonds & Futures Yield ETF (RSBY) (Multistrategy) with a 1Y correlation of -0.38, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | -0.38 | -0.38 | -0.38 | 56 | Multistrategy | COPZ vs RSBY | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.38 | -0.38 | -0.38 | 55 | Leveraged Equities | COPZ vs NRGU | |
| iShares U.S. Energy ETF | -0.30 | -0.30 | -0.30 | 60 | Energy Equities | COPZ vs IYE | |
| DoubleLine Commodity Strategy ETF | -0.30 | -0.30 | -0.30 | 52 | Commodities | COPZ vs DCMT | |
| Global X MLP ETF | -0.30 | -0.30 | -0.30 | 54 | MLPs | COPZ vs MLPA |
See all 1980 diversifiers for COPZ
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Diversification Analysis
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