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
4 ETFs have low correlation with AVAH (below 0.3), 0 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Long AVGO ETF (AVGX) (Leveraged Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Long AVGO ETF | 0.14 | 0.19 | 0.19 | 50 | Leveraged Equities | AVAH vs AVGX | |
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.35 | 0.32 | 80 | Dividend | AVAH vs SCHD | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.19 | 0.22 | 0.19 | 55 | Silver, Precious Metals | AVAH vs SLVP | |
| Alger Concentrated Equity ETF | 0.28 | 0.32 | 0.32 | 57 | 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 Murphy Oil Corporation (MUR) (Energy) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy Oil Corporation | -0.10 | 0.14 | 0.13 | 85 | Energy | |
| Plains All American Pipeline, L.P. | -0.08 | 0.17 | 0.14 | 87 | Energy | |
| The Williams Companies, Inc. | -0.04 | 0.21 | 0.17 | 66 | Energy | |
| Enterprise Products Partners L.P. | -0.03 | 0.16 | 0.15 | 85 | Energy | |
| Elbit Systems Ltd | -0.00 | 0.09 | 0.11 | 88 | Industrials |
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