Looking to balance out your exposure to COYA? The ETFs below have the lowest correlation with COYA — they tend to move on their own, which can help reduce risk when COYA drops. The stock ideas table highlights individual companies that behave independently from COYA.
Best Diversifiers for COYA
0 ETFs have low correlation with COYA (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Biotech ETF (XBI) (Health & Biotech Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.44 | 0.35 | — | 74 | Health & Biotech Equities | COYA vs XBI |
Diversification Analysis
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