Looking to balance out your exposure to CCOEY? The ETFs below have the lowest correlation with CCOEY — they tend to move on their own, which can help reduce risk when CCOEY drops. The stock ideas table highlights individual companies that behave independently from CCOEY.
Best Diversifiers for CCOEY
0 ETFs have low correlation with CCOEY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.31, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.31 | 0.30 | 0.26 | 70 | S&P 500 | CCOEY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCOEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCOEY and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.02 | 0.06 | 0.06 | 80 | Consumer Defensive | |
| Adaro Energy Tbk PT ADR | 0.04 | -0.01 | 0.04 | 56 | Energy | |
| Eli Lilly and Company | 0.07 | 0.11 | 0.12 | 72 | Healthcare | |
| Apple Inc | 0.09 | 0.15 | 0.15 | 89 | Technology | |
| Arista Networks, Inc. | 0.11 | 0.14 | 0.15 | 79 | Technology |
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