Looking to diversify beyond COZX? The ETFs below have the lowest correlation with COZX — 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 COZX.
Best Diversifiers for COZX
0 ETFs have low correlation with COZX (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ARM Daily ETF (ARMG) (Leveraged Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ARM Daily ETF | 0.40 | 0.40 | 0.40 | 84 | Leveraged Equities | COZX vs ARMG | |
| Innovator Growth Accelerated Plus ETF - July | 0.43 | 0.43 | 0.43 | 68 | Leveraged Equities | COZX vs QTJL | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.52 | 0.52 | 0.52 | 63 | Leveraged Equities, S&P 500 | COZX vs SPUU |
Diversification Analysis
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