Looking to balance out your exposure to KO? The ETFs below have the lowest correlation with KO — they tend to move on their own, which can help reduce risk when KO drops. The stock ideas table highlights individual companies that behave independently from KO.
Best Diversifiers for KO
304 ETFs have low correlation with KO (below 0.3), 214 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of -0.35, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.35 | -0.17 | 0.06 | 57 | Technology Equities | KO vs FTEC | |
| Vanguard Information Technology ETF | -0.35 | -0.17 | 0.06 | 57 | Technology Equities | KO vs VGT | |
| Global X Artificial Intelligence & Technology ETF | -0.34 | -0.14 | 0.03 | 52 | Technology Equities | KO vs AIQ | |
| iShares U.S. Technology ETF | -0.34 | -0.17 | 0.05 | 61 | Technology Equities | KO vs IYW | |
| iShares Expanded Tech Sector ETF | -0.34 | -0.17 | 0.04 | 62 | Technology Equities | KO vs IGM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KO and solid risk/return profiles. The least correlated is Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of -0.36, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | -0.36 | -0.16 | -0.04 | 61 | Technology | |
| CrowdStrike Holdings, Inc. | -0.36 | -0.19 | -0.06 | 82 | Technology | |
| Innodata Inc. | -0.33 | -0.14 | -0.05 | 62 | Technology | |
| Marvell Technology, Inc. | -0.30 | -0.22 | -0.04 | 93 | Technology | |
| Arista Networks, Inc. | -0.29 | -0.20 | -0.02 | 77 | Technology |
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