Looking to balance out your exposure to COTY? The ETFs below have historically moved differently from COTY, 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 COTY
2 ETFs have low correlation with COTY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.27, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.34 | 0.47 | 67 | S&P 500 | COTY vs SPY | |
| Vanguard S&P 500 ETF | 0.27 | 0.34 | 0.47 | 68 | S&P 500 | COTY vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COTY, 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 Navitas Semiconductor Corporation (NVTS) (Technology) with a 1Y correlation of -0.02, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Navitas Semiconductor Corporation | -0.02 | 0.14 | 0.25 | 63 | Technology | |
| Walmart Inc. | 0.06 | 0.09 | 0.14 | 62 | Consumer Defensive |
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