Looking to balance out your exposure to COKE? The ETFs below have the lowest correlation with COKE — they tend to move on their own, which can help reduce risk when COKE drops. The stock ideas table highlights individual companies that behave independently from COKE.
Best Diversifiers for COKE
276 ETFs have low correlation with COKE (below 0.3), 124 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.37, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.37 | -0.37 | -0.37 | 99 | Leveraged Equities, Semiconductors | COKE vs MUU | |
| GraniteShares 2x Long AMD Daily ETF | -0.17 | — | — | 95 | Leveraged Equities | COKE vs AMDL | |
| Vanguard Information Technology ETF | -0.16 | 0.05 | 0.19 | 60 | Technology Equities | COKE vs VGT | |
| Direxion Daily Technology Bull 3X Shares | -0.15 | 0.06 | 0.19 | 60 | Leveraged Equities, Technology Equities | COKE vs TECL | |
| iShares Future AI & Tech ETF | -0.15 | 0.05 | 0.17 | 75 | Technology Equities | COKE vs ARTY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COKE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COKE and solid risk/return profiles. The least correlated is Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of -0.23, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | -0.23 | 0.00 | 0.10 | 97 | Technology | |
| NVIDIA Corporation | -0.19 | -0.02 | 0.12 | 70 | Technology | |
| Interactive Brokers Group, Inc. | -0.18 | 0.02 | 0.13 | 85 | Financial Services | |
| Credo Technology Group Holding Ltd | -0.17 | -0.01 | 0.09 | 83 | Technology | |
| D-Wave Quantum Inc | -0.17 | -0.03 | -0.02 | 55 | Technology |
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