Looking to balance out your exposure to AVDX? The ETFs below have the lowest correlation with AVDX — they tend to move on their own, which can help reduce risk when AVDX drops. The stock ideas table highlights individual companies that behave independently from AVDX.
No Diversifiers Found for AVDX
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVDX and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of 0.00, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | 0.00 | 0.06 | — | 56 | Consumer Defensive | |
| Oscar Health, Inc. | 0.00 | 0.18 | — | 59 | Healthcare | |
| SoFi Technologies, Inc. | 0.05 | 0.38 | — | 51 | Financial Services | |
| AbbVie Inc. | 0.06 | 0.07 | 0.02 | 62 | Healthcare | |
| Cisco Systems, Inc. | 0.08 | 0.20 | — | 95 | Technology |
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