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
355 ETFs have low correlation with AVDV (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.31 | -0.26 | 63 | Leveraged Currency | AVDV vs YCS | |
| Invesco DB Energy Fund | -0.27 | 0.03 | 0.20 | 71 | Oil & Gas | AVDV vs DBE | |
| United States Brent Oil Fund LP | -0.25 | 0.05 | 0.19 | 65 | Oil & Gas | AVDV vs BNO | |
| United States Oil Fund LP | -0.25 | 0.05 | 0.20 | 66 | Oil & Gas | AVDV vs USO | |
| United States Gasoline Fund LP | -0.24 | 0.02 | 0.16 | 71 | Oil & Gas | AVDV vs UGA |
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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 -0.10, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.10 | 0.20 | 67 | Consumer Defensive | |
| Diamondback Energy, Inc. | -0.07 | 0.19 | 0.34 | 82 | Energy | |
| ConocoPhillips Company | -0.05 | 0.15 | 0.29 | 76 | Energy | |
| Exxon Mobil Corporation | -0.02 | 0.19 | 0.33 | 85 | Energy | |
| Chevron Corporation | 0.00 | 0.18 | 0.30 | 83 | Energy |
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