Looking to balance out your exposure to AVD? The ETFs below have historically moved differently from AVD, 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 AVD
7 ETFs have low correlation with AVD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Growth ETF (VOOG) (S&P 500) with a 1Y correlation of 0.16, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Growth ETF | 0.16 | 0.19 | 0.25 | 53 | S&P 500, Large Cap Growth Equities | AVD vs VOOG | |
| Vanguard Total Stock Market ETF | 0.24 | 0.29 | 0.34 | 78 | Large Cap Blend Equities | AVD vs VTI | |
| Vanguard S&P 500 ETF | 0.25 | 0.27 | 0.32 | 78 | S&P 500 | AVD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.27 | 0.32 | 78 | S&P 500 | AVD vs SPY | |
| Capital Group Dividend Value ETF | 0.28 | 0.31 | — | 85 | Large Cap Value Equities, Dividend | AVD vs CGDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVD, 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 Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of 0.13, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | 0.13 | 0.17 | 0.16 | 62 | Healthcare | |
| Invesco Ltd. | 0.19 | 0.23 | 0.29 | 84 | Financial Services |
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