Looking to balance out your exposure to CODA? The ETFs below have the lowest correlation with CODA — they tend to move on their own, which can help reduce risk when CODA drops. The stock ideas table highlights individual companies that behave independently from CODA.
No Diversifiers Found for CODA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CODA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CODA and solid risk/return profiles. The least correlated is Mercury Systems, Inc. (MRCY) (Industrials) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mercury Systems, Inc. | 0.26 | 0.14 | 0.13 | 88 | Industrials | |
| BWX Technologies, Inc. | 0.28 | 0.20 | 0.18 | 73 | Industrials |
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