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
645 ETFs have low correlation with COYY (below 0.3), 27 of which are negatively correlated. The least correlated is Putnam ESG Ultra Short ETF (PULT) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam ESG Ultra Short ETF | -0.03 | -0.03 | -0.03 | 98 | Ultrashort Bond, ESG | COYY vs PULT | |
| First Trust Ultra Short Duration Municipal ETF | -0.02 | -0.02 | -0.02 | 95 | Municipal Bonds, Ultrashort Bond | COYY vs FUMB | |
| Angel Oak Mortgage-Backed Securities ETF | -0.02 | -0.02 | -0.02 | 69 | Intermediate Core-Plus Bond | COYY vs MBS | |
| SPDR Portfolio Short Term Treasury ETF | -0.02 | -0.02 | -0.02 | 84 | Government Bonds, Short-Term Bond | COYY vs SPTS | |
| United States Oil Fund LP | -0.02 | -0.02 | -0.02 | 66 | Oil & Gas | COYY vs USO |
See all 2072 diversifiers for COYY
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