There's also a lot to like about this company's defensive properties, as Coca-Cola produces products that see steady demand regardless of what is going on with the economy. The company distributes its products in over 200 different countries and owns iconic brands like Coca-Cola, Diet Coke, Sprite, Fanta, VitaminWater, PowerAde, and Minute Maid. Coca-Cola has undergone several important changes during the pandemic that should benefit the company in a big way going forward, including improving its digital capabilities. Finally, the fact that Coca-Cola is a dividend aristocrat with a 2.99% dividend yield makes it a clear winner amidst market volatility. American Water Works ( NYSE:AWK ) Another strong stock to consider buying in a "risk-off" market is American Water Works. It's a water and wastewater utility company that offers its services to residential, commercial, industrial, and other customers.