Looking to balance out your exposure to AVAV? The ETFs below have the lowest correlation with AVAV — they tend to move on their own, which can help reduce risk when AVAV drops. The stock ideas table highlights individual companies that behave independently from AVAV.
Best Diversifiers for AVAV
10 ETFs have low correlation with AVAV (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.04 | 0.10 | 0.22 | 73 | Dividend, Large Cap Value Equities | AVAV vs HDV | |
| Vanguard Energy ETF | 0.06 | 0.16 | 0.21 | 71 | Energy Equities | AVAV vs VDE | |
| Schwab U.S. Dividend Equity ETF | 0.09 | 0.21 | 0.31 | 85 | Dividend | AVAV vs SCHD | |
| Vanguard International High Dividend Yield ETF | 0.20 | 0.24 | 0.28 | 70 | Dividend, Foreign Large Cap Equities | AVAV vs VYMI | |
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.21 | 0.27 | — | 52 | Gold | AVAV vs GDE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVAV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVAV and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.17 | 0.02 | 0.09 | 81 | Consumer Defensive | |
| Emera Inc | -0.12 | -0.12 | -0.12 | 79 | Utilities | |
| Apple Inc | -0.01 | 0.10 | 0.21 | 90 | Technology | |
| Enterprise Products Partners L.P. | 0.01 | 0.09 | 0.18 | 88 | Energy | |
| Eli Lilly and Company | 0.01 | 0.10 | 0.14 | 75 | Healthcare |
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