Looking to diversify beyond COYY? The ETFs below have the lowest correlation with COYY — 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 COYY.
Best Diversifiers for COYY
747 ETFs have low correlation with COYY (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.70, roughly unchanged from -0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.70 | -0.70 | -0.70 | 52 | Cryptocurrency | COYY vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.67 | -0.67 | -0.67 | 73 | Derivative Income | COYY vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.26 | -0.26 | -0.26 | 57 | Inverse Equities | COYY vs NFXS | |
| Dimensional National Municipal Bond ETF | -0.06 | -0.06 | -0.06 | 81 | Municipal Bonds | COYY vs DFNM | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.06 | -0.06 | -0.06 | 96 | Inflation-Protected Bonds | COYY vs IBID |
See all 2036 diversifiers for COYY
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