Looking to balance out your exposure to AVAL? The ETFs below have the lowest correlation with AVAL — they tend to move on their own, which can help reduce risk when AVAL drops. The stock ideas table highlights individual companies that behave independently from AVAL.
Best Diversifiers for AVAL
1 ETFs have low correlation with AVAL (below 0.3), 0 of which are negatively correlated. The least correlated is Valkyrie Bitcoin Miners ETF (WGMI) (Cryptocurrency) with a 1Y correlation of 0.30, up from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 0.30 | 0.15 | — | 77 | Cryptocurrency | AVAL vs WGMI | |
| Invesco QQQ ETF | 0.34 | 0.23 | 0.21 | 74 | Nasdaq-100 | AVAL vs QQQ | |
| iShares Core S&P 500 ETF | 0.36 | 0.26 | 0.26 | 74 | S&P 500 | AVAL vs IVV | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.26 | 0.26 | 74 | S&P 500 | AVAL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVAL and solid risk/return profiles. The least correlated is Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of 0.10, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | 0.10 | 0.13 | 0.16 | 96 | Technology | |
| Eldorado Gold Corporation | 0.17 | 0.14 | 0.20 | 68 | Basic Materials | |
| Ecopetrol S.A. | 0.20 | 0.24 | 0.31 | 93 | Energy | |
| NVIDIA Corporation | 0.24 | 0.18 | 0.16 | 80 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.25 | 0.19 | 0.19 | 95 | Technology |
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