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
305 ETFs have low correlation with KO (below 0.3), 198 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| REX FANG & Innovation Equity Premium Income ETF | -0.23 | — | — | 56 | Derivative Income, Technology Equities | KO vs FEPI | |
| iShares Expanded Tech Sector ETF | -0.23 | -0.13 | 0.07 | 78 | Technology Equities | KO vs IGM | |
| ProShares Ultra Semiconductors | -0.23 | -0.19 | -0.01 | 89 | Leveraged Equities, Semiconductors | KO vs USD | |
| iShares U.S. Technology ETF | -0.23 | -0.13 | 0.08 | 76 | Technology Equities | KO vs IYW | |
| Vanguard Information Technology ETF | -0.23 | -0.12 | 0.09 | 76 | Technology Equities | KO vs VGT |
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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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.33, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.33 | -0.17 | -0.06 | 72 | Technology | |
| Innodata Inc. | -0.31 | -0.12 | -0.03 | 81 | Technology | |
| Oracle Corporation | -0.30 | -0.13 | 0.05 | 61 | Technology | |
| Snowflake Inc. | -0.29 | -0.11 | -0.02 | 51 | Technology | |
| Fortinet, Inc. | -0.24 | -0.08 | 0.08 | 69 | Technology |
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Build a portfolio that complements KO
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