Looking to diversify beyond AVDV? The ETFs below have the lowest correlation with AVDV — 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 AVDV.
Best Diversifiers for AVDV
320 ETFs have low correlation with AVDV (below 0.3), 34 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.57, roughly unchanged from -0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.57 | -0.55 | -0.59 | 51 | Currency | AVDV vs UUP | |
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | -0.32 | 57 | Cryptocurrency | AVDV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AVDV vs SBIT | |
| ProShares UltraShort Yen | -0.38 | -0.31 | -0.26 | 72 | Leveraged Currency | AVDV vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 60 | Inverse Equities | AVDV vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVDV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.06 | 0.18 | 81 | Consumer Defensive | |
| Waste Management, Inc. | -0.07 | 0.07 | 0.19 | 53 | Industrials | |
| The Coca-Cola Company | -0.07 | 0.08 | 0.22 | 83 | Consumer Defensive | |
| Diamondback Energy, Inc. | -0.05 | 0.17 | 0.33 | 77 | Energy | |
| ConocoPhillips Company | -0.05 | 0.14 | 0.31 | 66 | Energy |
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