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
11 ETFs have low correlation with AVAV (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | AVAV vs BIL | |
| iShares Core High Dividend ETF | -0.04 | 0.08 | 0.21 | 85 | Dividend, Large Cap Value Equities | AVAV vs HDV | |
| Vanguard Energy ETF | 0.04 | 0.13 | 0.20 | 60 | Energy Equities | AVAV vs VDE | |
| Schwab U.S. Dividend Equity ETF | 0.12 | 0.20 | 0.30 | 91 | Dividend | AVAV vs SCHD | |
| WisdomTree Japan Opportunities ETF | 0.17 | 0.16 | 0.21 | 94 | Japan Equities, Asia Pacific Equities | AVAV vs OPPJ |
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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 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.17 | 0.00 | 0.08 | 85 | Consumer Defensive | |
| Philip Morris International Inc. | -0.16 | -0.03 | 0.05 | 52 | Consumer Defensive | |
| Emera Inc | -0.13 | -0.11 | -0.11 | 89 | Utilities | |
| Agree Realty Corporation | -0.09 | 0.05 | 0.13 | 72 | Real Estate | |
| Arch Capital Group Ltd. | -0.09 | 0.03 | 0.12 | 62 | Financial Services |
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