Looking to diversify beyond AVEM? The ETFs below have the lowest correlation with AVEM — 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 AVEM.
Best Diversifiers for AVEM
433 ETFs have low correlation with AVEM (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.31 | — | 52 | Cryptocurrency | AVEM vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 63 | Inverse Equities | AVEM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 70 | Inverse Equities, Leveraged Equities | AVEM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 73 | Derivative Income | AVEM vs WNTR | |
| ProShares UltraShort Yen | -0.24 | -0.18 | -0.16 | 73 | Leveraged Currency | AVEM vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVEM and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.34, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.34 | -0.09 | 0.04 | 56 | Industrials | |
| Altria Group, Inc. | -0.26 | -0.06 | 0.05 | 80 | Consumer Defensive | |
| Chubb Limited | -0.25 | -0.03 | 0.11 | 82 | Financial Services | |
| Duke Energy Corporation | -0.24 | -0.04 | 0.03 | 64 | Utilities | |
| Fortis Inc | -0.20 | 0.12 | 0.19 | 91 | Utilities |
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