Looking to balance out your exposure to COKE? The ETFs below have historically moved differently from COKE, 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 COKE
305 ETFs have low correlation with COKE (below 0.3), 146 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.18, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.18 | 0.04 | 0.18 | 60 | Technology Equities | COKE vs VGT | |
| iShares Future AI & Tech ETF | -0.17 | 0.04 | 0.16 | 69 | Artificial Intelligence, Technology Equities | COKE vs ARTY | |
| Direxion Daily Technology Bull 3X Shares | -0.17 | 0.05 | 0.18 | 52 | Leveraged Equities, Technology Equities | COKE vs TECL | |
| GraniteShares 2x Long AMD Daily ETF | -0.15 | — | — | 88 | Leveraged Equities | COKE vs AMDL | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.09 | -0.00 | 70 | Commodities | COKE vs PDBC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COKE, 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 Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of -0.25, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | -0.25 | -0.01 | 0.09 | 97 | Technology | |
| NVIDIA Corporation | -0.18 | -0.02 | 0.12 | 61 | Technology | |
| Interactive Brokers Group, Inc. | -0.18 | 0.03 | 0.12 | 75 | Financial Services | |
| Fortinet, Inc. | -0.18 | 0.01 | 0.12 | 82 | Technology | |
| D-Wave Quantum Inc | -0.18 | -0.04 | -0.03 | 55 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements COKE
Add COKE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with COKE