Looking to diversify beyond ADVE? The ETFs below have the lowest correlation with ADVE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ADVE.
Best Diversifiers for ADVE
379 ETFs have low correlation with ADVE (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.25 | -0.25 | 63 | Leveraged Currency | ADVE vs YCS | |
| United States Oil Fund LP | -0.30 | -0.05 | -0.05 | 66 | Oil & Gas | ADVE vs USO | |
| Invesco DB Energy Fund | -0.30 | — | — | 71 | Oil & Gas | ADVE vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | ADVE vs USOY | |
| United States Brent Oil Fund LP | -0.28 | -0.04 | -0.04 | 65 | Oil & Gas | ADVE vs BNO |
See all 2191 diversifiers for ADVE
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