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
375 ETFs have low correlation with AVEM (below 0.3), 65 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | 0.00 | 0.11 | 66 | Oil & Gas | AVEM vs USO | |
| Invesco DB Energy Fund | -0.31 | 0.00 | 0.12 | 71 | Oil & Gas | AVEM vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | — | — | 56 | Derivative Income | AVEM vs USOY | |
| United States Brent Oil Fund LP | -0.30 | 0.01 | 0.11 | 65 | Oil & Gas | AVEM vs BNO | |
| ProShares UltraShort Yen | -0.30 | -0.20 | -0.17 | 61 | Leveraged Currency | AVEM vs YCS |
To view more results, upgrade your current subscription plan.
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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.16 | 0.03 | 0.05 | 53 | Utilities | |
| Altria Group, Inc. | -0.15 | 0.02 | 0.09 | 69 | Consumer Defensive | |
| Chubb Limited | -0.15 | 0.01 | 0.13 | 51 | Financial Services | |
| Fortis Inc | -0.14 | 0.17 | 0.21 | 76 | Utilities | |
| Walmart Inc. | -0.09 | 0.07 | 0.12 | 63 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AVEM
Add AVEM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AVEM