Looking to balance out your exposure to COCO? The ETFs below have the lowest correlation with COCO — they tend to move on their own, which can help reduce risk when COCO drops. The stock ideas table highlights individual companies that behave independently from COCO.
Best Diversifiers for COCO
3 ETFs have low correlation with COCO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.12, down from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.12 | 0.22 | — | 63 | Technology Equities | COCO vs XLK | |
| Vanguard Total Stock Market ETF | 0.14 | 0.25 | — | 66 | Large Cap Blend Equities | COCO vs VTI | |
| Invesco QQQ ETF | 0.17 | 0.25 | — | 58 | Nasdaq-100 | COCO vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COCO and solid risk/return profiles. The least correlated is Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of -0.12, down from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | -0.12 | -0.00 | — | 83 | Industrials | |
| Lantheus Holdings, Inc. | -0.06 | 0.10 | — | 63 | Healthcare | |
| Dell Technologies Inc. | -0.05 | 0.08 | — | 97 | Technology | |
| Astrana Health Inc | -0.04 | 0.09 | — | 80 | Healthcare | |
| Jazz Pharmaceuticals plc | -0.02 | 0.12 | 0.17 | 98 | Healthcare |
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