Looking to balance out your exposure to AVA? The ETFs below have the lowest correlation with AVA — they tend to move on their own, which can help reduce risk when AVA drops. The stock ideas table highlights individual companies that behave independently from AVA.
Best Diversifiers for AVA
2 ETFs have low correlation with AVA (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | -0.04 | 0.11 | 0.19 | 67 | S&P 500 | AVA vs IVV | |
| Vanguard S&P 500 ETF | -0.04 | 0.11 | 0.19 | 67 | S&P 500 | AVA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVA and solid risk/return profiles. The least correlated is The AES Corporation (AES) (Utilities) with a 1Y correlation of 0.18, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The AES Corporation | 0.18 | 0.30 | 0.33 | 68 | Utilities | |
| AbbVie Inc. | 0.30 | 0.32 | 0.30 | 78 | Healthcare | |
| American Electric Power Company, Inc. | 0.58 | 0.61 | 0.62 | 88 | Utilities | |
| WEC Energy Group, Inc. | 0.61 | 0.66 | 0.64 | 67 | Utilities | |
| Black Hills Corporation | 0.72 | 0.74 | 0.73 | 87 | Utilities |
Build a portfolio that complements AVA
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