Looking to balance out your exposure to AVAH? The ETFs below have historically moved differently from AVAH, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AVAH
4 ETFs have low correlation with AVAH (below 0.3), 1 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | -0.06 | 0.19 | 0.18 | 66 | MLPs | AVAH vs AMLP | |
| Global X MSCI Greece ETF | 0.14 | 0.21 | 0.23 | 58 | Emerging Markets Equities | AVAH vs GREK | |
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.35 | 0.32 | 95 | Dividend | AVAH vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.37 | 0.36 | 67 | S&P 500 | AVAH vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVAH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.14 | 0.13 | 0.13 | 93 | Energy | |
| Murphy Oil Corporation | -0.14 | 0.08 | 0.11 | 82 | Energy | |
| Enbridge Inc. | -0.13 | 0.16 | 0.17 | 85 | Energy | |
| Cheniere Energy, Inc. | -0.11 | 0.08 | 0.05 | 57 | Energy | |
| Lumentum Holdings Inc. | -0.08 | 0.17 | 0.21 | 98 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AVAH
Add AVAH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AVAH