Looking to diversify beyond AVDE? The ETFs below have the lowest correlation with AVDE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AVDE.
Best Diversifiers for AVDE
246 ETFs have low correlation with AVDE (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.30 | -0.24 | 75 | Leveraged Currency | AVDE vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.34 | -0.34 | 53 | Inverse Equities | AVDE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.33 | -0.33 | 60 | Inverse Equities, Leveraged Equities | AVDE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 65 | Derivative Income | AVDE vs WNTR | |
| United States Gasoline Fund LP | -0.25 | -0.04 | 0.11 | 72 | Oil & Gas | AVDE vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVDE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVDE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.09 | 0.19 | 79 | Consumer Defensive | |
| Waste Management, Inc. | -0.10 | 0.10 | 0.22 | 51 | Industrials | |
| Occidental Petroleum Corporation | -0.08 | 0.13 | 0.26 | 60 | Energy | |
| ConocoPhillips Company | -0.08 | 0.11 | 0.27 | 63 | Energy | |
| Devon Energy Corporation | -0.08 | 0.16 | 0.30 | 69 | Energy |
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