Looking to diversify beyond COYY? The ETFs below have historically moved differently from COYY, 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 COYY
688 ETFs have low correlation with COYY (below 0.3), 67 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.67 | — | — | 58 | Derivative Income | COYY vs WNTR | |
| Schwab Ultra-Short Income ETF | -0.11 | — | — | 99 | Ultrashort Bond | COYY vs SCUS | |
| Brookstone Ultra-Short Bond ETF | -0.10 | — | — | 99 | Ultrashort Bond | COYY vs BAMU | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | — | — | 100 | Government Bonds, Ultrashort Bond | COYY vs USFR | |
| Obra Opportunistic Structured Products ETF | -0.08 | — | — | 78 | Multisector Bonds | COYY vs OOSP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COYY, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.34, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.34 | 0.34 | 0.34 | 70 | Technology | |
| Astera Labs, Inc. | 0.34 | — | — | 79 | Technology | |
| NVIDIA Corporation | 0.36 | — | — | 63 | Technology |
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