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
313 ETFs have low correlation with AVEM (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.20 | -0.17 | 63 | Leveraged Currency | AVEM vs YCS | |
| United States Gasoline Fund LP | -0.21 | 0.01 | 0.11 | 55 | Oil & Gas | AVEM vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | AVEM vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | AVEM vs RBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.03 | 0.02 | 100 | Ultrashort Bond | AVEM vs SGOV |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.19 | -0.01 | 0.12 | 69 | Financial Services | |
| Altria Group, Inc. | -0.17 | 0.00 | 0.08 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.16 | 0.02 | 0.05 | 62 | Utilities | |
| Fortis Inc | -0.14 | 0.16 | 0.20 | 85 | Utilities | |
| The Coca-Cola Company | -0.13 | 0.05 | 0.12 | 74 | Consumer Defensive |
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