Looking to balance out your exposure to KO? The ETFs below have historically moved differently from KO, 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 KO
314 ETFs have low correlation with KO (below 0.3), 217 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of -0.37, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.37 | -0.17 | 0.05 | 59 | Technology Equities | KO vs FTEC | |
| iShares U.S. Technology ETF | -0.37 | -0.18 | 0.04 | 58 | Technology Equities | KO vs IYW | |
| iShares Expanded Tech Sector ETF | -0.37 | -0.18 | 0.03 | 60 | Technology Equities | KO vs IGM | |
| Vanguard Information Technology ETF | -0.37 | -0.18 | 0.05 | 58 | Technology Equities | KO vs VGT | |
| Direxion Daily Technology Bull 3X Shares | -0.37 | -0.16 | 0.06 | 54 | Leveraged Equities, Technology Equities | KO vs TECL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KO, 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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.37, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.37 | -0.19 | -0.06 | 83 | Technology | |
| Innodata Inc. | -0.33 | -0.14 | -0.05 | 66 | Technology | |
| Marvell Technology, Inc. | -0.33 | -0.22 | -0.05 | 91 | Technology | |
| Broadcom Inc. | -0.32 | -0.20 | -0.01 | 69 | Technology | |
| Arista Networks, Inc. | -0.31 | -0.21 | -0.03 | 74 | Technology |
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