PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Coca Cola HBC AG (CCH.L) Diversifiers

Equity · Currency in GBp · Last updated Jul 22, 2026

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea, energy drinks, dairy, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks. It markets and sells its products under several brands, including Coca-Cola, Fanta, Sprite, Adez, Averna, Amita, Aquarius, Aperol, Avra, Deep RiverRock, Fruice, Kinley, Schweppes, and various other brands; and distributes third-party products, such as Monster energy drinks, and beer. The company serves retail outlets, include supermarkets, discounters, convenience stores, wholesalers, hotels, restaurants, cafés, and e-commerce retailers. Coca-Cola HBC AG was founded in 1969 and is headquartered in Steinhausen, Switzerland.

Looking to balance out your exposure to CCH.L? The ETFs below have the lowest correlation with CCH.L — they tend to move on their own, which can help reduce risk when CCH.L drops. The stock ideas table highlights individual companies that behave independently from CCH.L.

Best Diversifiers for CCH.L

7 ETFs have low correlation with CCH.L (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Nasdaq-100 Swap UCITS ETF Acc (EQSG.L) (Nasdaq-100) with a 1Y correlation of -0.10, down from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EQSG.L
Invesco Nasdaq-100 Swap UCITS ETF Acc-0.10-0.030.11
63
Nasdaq-100CCH.L vs EQSG.L
I500.L
iShares S&P 500 Swap UCITS ETF-0.020.050.18
78
S&P 500CCH.L vs I500.L
VUAA.L
Vanguard S&P 500 UCITS ETF USD Accumulation0.020.080.19
68
S&P 500CCH.L vs VUAA.L
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF0.040.060.19
91
Japan Equities, Asia Pacific EquitiesCCH.L vs IJPH.L
PQVG.L
Invesco S&P 500 QVM UCITS ETF0.150.140.18
76
S&P 500, Large Cap Value EquitiesCCH.L vs PQVG.L
See all 10 diversifiers for CCH.L

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CCH.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCH.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.19, down from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BP.L
BP plc-0.19-0.020.03
78
Energy
GLEN.L
Glencore plc0.040.070.07
92
Basic Materials
BBY.L
Balfour Beatty plc0.100.190.27
96
Industrials
IAG.L
International Consolidated Airlines Group S.A0.110.130.21
61
Industrials
ABDN.L
Abrdn plc0.120.180.27
78
Financial Services
See all 17 low-correlation stocks for CCH.L

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements CCH.L

Add CCH.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CCH.L