Looking to balance out your exposure to COCO? The ETFs below have historically moved differently from COCO, 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 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 0.13, roughly unchanged from 0.23 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.13 | 0.23 | — | 62 | Technology Equities | COCO vs XLK | |
| Vanguard Total Stock Market ETF | 0.15 | 0.25 | — | 78 | Large Cap Blend Equities | COCO vs VTI | |
| Invesco QQQ ETF | 0.18 | 0.25 | — | 58 | Nasdaq-100 | COCO vs QQQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COCO, 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 Elbit Systems Ltd. (ESLT) (Industrials) with a 1Y correlation of -0.13, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd. | -0.13 | -0.02 | 0.04 | 86 | Industrials | |
| Dell Technologies Inc. | -0.05 | 0.07 | — | 97 | Technology | |
| Lantheus Holdings, Inc. | -0.05 | 0.11 | 0.20 | 71 | Healthcare | |
| LiveRamp Holdings, Inc. | -0.04 | 0.13 | 0.20 | 59 | Technology | |
| Edgewell Personal Care Company | -0.04 | 0.05 | — | 52 | Consumer Defensive |
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