Looking to balance out your exposure to AVAH? The ETFs below have the lowest correlation with AVAH — they tend to move on their own, which can help reduce risk when AVAH drops. The stock ideas table highlights individual companies that behave independently from AVAH.
Best Diversifiers for AVAH
2 ETFs have low correlation with AVAH (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.11, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.34 | 0.32 | 77 | Dividend | AVAH vs SCHD | |
| Alger Concentrated Equity ETF | 0.26 | — | — | 50 | Large Cap Growth Equities | AVAH vs CNEQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVAH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVAH and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.13, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.13 | 0.15 | 0.14 | 80 | Energy | |
| Murphy Oil Corporation | -0.11 | 0.11 | 0.12 | 79 | Energy | |
| Enterprise Products Partners L.P. | -0.06 | 0.15 | 0.14 | 85 | Energy | |
| The Williams Companies, Inc. | -0.04 | 0.20 | 0.17 | 75 | Energy | |
| Cheniere Energy Partners, L.P. | -0.01 | 0.08 | 0.09 | 60 | Energy |
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