Looking to balance out your exposure to CCEP? The ETFs below have historically moved differently from CCEP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CCEP
12 ETFs have low correlation with CCEP (below 0.3), 2 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.15, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.15 | -0.03 | 0.16 | 52 | Leveraged Equities, Semiconductors | CCEP vs USD | |
| iShares S&P 100 ETF | -0.02 | 0.13 | 0.30 | 55 | Large Cap Blend Equities | CCEP vs OEF | |
| Vanguard S&P 500 ETF | 0.02 | 0.19 | 0.34 | 68 | S&P 500 | CCEP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.18 | 0.34 | 67 | S&P 500 | CCEP vs SPY | |
| Vanguard Total Stock Market ETF | 0.02 | 0.19 | 0.34 | 67 | Large Cap Blend Equities | CCEP vs VTI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CCEP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.19, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.19 | -0.06 | 0.13 | 56 | Technology | |
| Palo Alto Networks, Inc. | -0.18 | 0.01 | 0.12 | 88 | Technology | |
| Diamondback Energy, Inc. | -0.16 | -0.03 | 0.07 | 79 | Energy | |
| EOG Resources, Inc. | -0.13 | -0.03 | 0.06 | 72 | Energy | |
| Broadcom Inc. | -0.12 | 0.00 | 0.17 | 67 | Technology |
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