Looking to diversify beyond AVDE? The ETFs below have historically moved differently from AVDE, 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 AVDE
280 ETFs have low correlation with AVDE (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | — | 61 | Cryptocurrency | AVDE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | AVDE vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | AVDE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.34 | -0.34 | 61 | Inverse Equities, Leveraged Equities | AVDE vs MSTZ | |
| ProShares UltraShort Yen | -0.38 | -0.30 | -0.25 | 56 | Leveraged Currency | AVDE vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVDE, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.07 | 0.17 | 66 | Consumer Defensive | |
| Devon Energy Corporation | -0.13 | 0.13 | 0.28 | 76 | Energy | |
| ConocoPhillips Company | -0.13 | 0.09 | 0.26 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.12 | 0.11 | 0.25 | 70 | Energy | |
| Chevron Corporation | -0.12 | 0.11 | 0.27 | 80 | Energy |
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