Looking to diversify beyond ICOP? The ETFs below have the lowest correlation with ICOP — 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 ICOP.
Best Diversifiers for ICOP
406 ETFs have low correlation with ICOP (below 0.3), 35 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 60 | Inverse Equities, Leveraged Equities | ICOP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.31 | -0.31 | 53 | Inverse Equities | ICOP vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 65 | Derivative Income | ICOP vs WNTR | |
| ProShares UltraShort Yen | -0.26 | -0.19 | — | 75 | Leveraged Currency | ICOP vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.26 | -0.29 | -0.29 | 51 | Multistrategy | ICOP vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ICOP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ICOP and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.19 | -0.05 | -0.05 | 51 | Industrials | |
| Chubb Limited | -0.15 | -0.06 | -0.06 | 83 | Financial Services | |
| Altria Group, Inc. | -0.12 | 0.00 | 0.01 | 79 | Consumer Defensive | |
| Duke Energy Corporation | -0.09 | 0.04 | 0.04 | 63 | Utilities | |
| Devon Energy Corporation | -0.06 | 0.22 | 0.22 | 69 | Energy |
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