Looking to diversify beyond AVDV? The ETFs below have historically moved differently from AVDV, 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 AVDV
347 ETFs have low correlation with AVDV (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.29 | — | 51 | Cryptocurrency | AVDV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | AVDV vs WNTR | |
| ProShares UltraShort Yen | -0.34 | -0.31 | -0.27 | 59 | Leveraged Currency | AVDV vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.02 | 0.17 | 66 | Oil & Gas | AVDV vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.27 | -0.16 | -0.11 | 51 | Nontraditional Bonds | AVDV vs RISR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVDV, 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 -0.18, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.05 | 0.16 | 66 | Consumer Defensive | |
| The Allstate Corporation | -0.13 | 0.09 | 0.22 | 83 | Financial Services | |
| Diamondback Energy, Inc. | -0.11 | 0.14 | 0.31 | 78 | Energy | |
| ConocoPhillips Company | -0.10 | 0.12 | 0.29 | 73 | Energy | |
| The Coca-Cola Company | -0.08 | 0.07 | 0.21 | 87 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AVDV
Add AVDV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AVDV