Looking to balance out your exposure to CCEP? The ETFs below have the lowest correlation with CCEP — they tend to move on their own, which can help reduce risk when CCEP drops. The stock ideas table highlights individual companies that behave independently from CCEP.
Best Diversifiers for CCEP
13 ETFs have low correlation with CCEP (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.13 | -0.00 | 0.18 | 82 | Leveraged Equities, Semiconductors | CCEP vs USD | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.01 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | CCEP vs BIL | |
| Invesco QQQ ETF | 0.01 | 0.13 | 0.28 | 59 | Nasdaq-100 | CCEP vs QQQ | |
| iShares S&P 100 ETF | 0.01 | 0.16 | 0.32 | 51 | Large Cap Blend Equities | CCEP vs OEF | |
| State Street SPDR S&P 500 ETF | 0.06 | 0.20 | 0.35 | 59 | S&P 500 | CCEP vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCEP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCEP and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.19 | 0.02 | 0.12 | 69 | Technology | |
| NVIDIA Corporation | -0.17 | -0.03 | 0.15 | 72 | Technology | |
| Energy Transfer LP | -0.12 | 0.06 | 0.18 | 72 | Energy | |
| AppLovin Corporation | -0.10 | -0.00 | 0.12 | 60 | Communication Services | |
| Interactive Brokers Group, Inc. | -0.10 | -0.01 | 0.14 | 90 | Financial Services |
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