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
5 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 -0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.07 | 0.09 | 0.21 | 74 | Dividend, Large Cap Value Equities | AVAV vs HDV | |
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.21 | 0.31 | 77 | Dividend | AVAV vs SCHD | |
| Vanguard International High Dividend Yield ETF | 0.22 | 0.24 | 0.28 | 69 | Dividend, Foreign Large Cap Equities | AVAV vs VYMI | |
| Avantis US Small Cap Value ETF | 0.28 | 0.35 | 0.40 | 79 | Small Cap Value Equities | AVAV vs AVUV | |
| VanEck Semiconductor ETF | 0.29 | 0.30 | 0.34 | 94 | Semiconductors, Technology Equities | AVAV vs SMH |
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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 -0.22, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.22 | -0.02 | 0.07 | 83 | Consumer Defensive | |
| Emera Inc | -0.10 | -0.11 | -0.11 | 86 | Utilities | |
| Agree Realty Corporation | -0.07 | 0.06 | 0.13 | 51 | Real Estate | |
| Welltower Inc. | -0.02 | 0.09 | 0.16 | 87 | Real Estate | |
| Enterprise Products Partners L.P. | -0.01 | 0.09 | 0.17 | 81 | Energy |
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