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
271 ETFs have low correlation with COKE (below 0.3), 40 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | -0.14 | — | — | 96 | Leveraged Equities | COKE vs AMDL | |
| ProShares Ultra Bloomberg Crude Oil | -0.12 | -0.10 | 0.01 | 54 | Leveraged Commodities | COKE vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.11 | -0.06 | 0.02 | 75 | Commodities | COKE vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.10 | -0.07 | 0.02 | 74 | Commodities | COKE vs PDBC | |
| ProShares Ultra Semiconductors | -0.10 | 0.05 | 0.16 | 90 | Leveraged Equities, Semiconductors | COKE vs USD |
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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 Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.17 | -0.01 | 0.13 | 58 | Technology | |
| Fortinet, Inc. | -0.16 | 0.01 | 0.13 | 66 | Technology | |
| IonQ, Inc. | -0.15 | -0.00 | 0.08 | 64 | Technology | |
| D-Wave Quantum Inc | -0.14 | -0.02 | -0.02 | 59 | Technology | |
| Advanced Micro Devices, Inc. | -0.14 | 0.01 | 0.12 | 98 | Technology |
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