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
586 ETFs have low correlation with COYY (below 0.3), 37 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.06 | -0.06 | -0.06 | 100 | Government Bonds, Ultrashort Bond | COYY vs USFR | |
| PIMCO 1-5 Year US TIPS Index ETF | -0.06 | -0.06 | -0.06 | 60 | Inflation-Protected Bonds | COYY vs STPZ | |
| Dimensional National Municipal Bond ETF | -0.06 | -0.06 | -0.06 | 78 | Municipal Bonds | COYY vs DFNM | |
| Breakwave Dry Bulk Shipping ETF | -0.06 | -0.06 | -0.06 | 75 | Commodities | COYY vs BDRY | |
| Xtrackers US 0-1 Year Treasury ETF | -0.05 | — | — | 99 | Government Bonds, Ultrashort Bond | COYY vs TRSY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COYY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COYY and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.33, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.33 | 0.33 | 0.33 | 72 | Technology | |
| NVIDIA Corporation | 0.40 | 0.40 | 0.40 | 72 | Technology | |
| Astera Labs, Inc. | 0.41 | 0.41 | 0.41 | 93 | Technology |
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