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
237 ETFs have low correlation with COKE (below 0.3), 58 of which are negatively correlated. The least correlated is GraniteShares 2x Long AMD Daily ETF (AMDL) (Leveraged Equities) with a 1Y correlation of -0.16, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | -0.16 | -0.05 | -0.05 | 94 | Leveraged Equities | COKE vs AMDL | |
| Direxion Daily Technology Bull 3X Shares | -0.15 | 0.06 | 0.19 | 65 | Leveraged Equities, Technology Equities | COKE vs TECL | |
| Vanguard Information Technology ETF | -0.15 | 0.07 | 0.19 | 58 | Technology Equities | COKE vs VGT | |
| iShares Future AI & Tech ETF | -0.14 | 0.05 | 0.17 | 81 | Technology Equities | COKE vs ARTY | |
| ProShares Ultra Semiconductors | -0.14 | 0.03 | 0.15 | 82 | 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 IonQ, Inc. (IONQ) (Technology) with a 1Y correlation of -0.21, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IonQ, Inc. | -0.21 | -0.01 | 0.07 | 58 | Technology | |
| Dell Technologies Inc. | -0.20 | 0.02 | 0.11 | 96 | Technology | |
| NVIDIA Corporation | -0.20 | -0.01 | 0.12 | 72 | Technology | |
| Fortinet, Inc. | -0.19 | 0.00 | 0.12 | 68 | Technology | |
| D-Wave Quantum Inc | -0.19 | -0.04 | -0.03 | 64 | Technology |
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