Looking to balance out your exposure to COTY? The ETFs below have the lowest correlation with COTY — they tend to move on their own, which can help reduce risk when COTY drops. The stock ideas table highlights individual companies that behave independently from COTY.
Best Diversifiers for COTY
0 ETFs have low correlation with COTY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.34, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.36 | 0.48 | 74 | S&P 500 | COTY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.36 | 0.48 | 74 | S&P 500 | COTY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COTY and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.06, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.06 | 0.10 | 0.14 | 66 | Consumer Defensive | |
| The Estee Lauder Companies Inc. | 0.53 | 0.55 | 0.59 | 55 | Consumer Defensive |
Build a portfolio that complements COTY
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