Looking to diversify beyond AVES? The ETFs below have the lowest correlation with AVES — 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 AVES.
Best Diversifiers for AVES
346 ETFs have low correlation with AVES (below 0.3), 43 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.35 | — | 60 | Inverse Equities, Leveraged Equities | AVES vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 65 | Derivative Income | AVES vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.32 | -0.32 | 53 | Inverse Equities | AVES vs SMST | |
| ProShares UltraShort Yen | -0.25 | -0.23 | — | 75 | Leveraged Currency | AVES vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.19 | -0.24 | -0.24 | 51 | Multistrategy | AVES vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVES and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.20, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.20 | -0.02 | 0.08 | 51 | Industrials | |
| Chubb Limited | -0.17 | 0.00 | 0.14 | 83 | Financial Services | |
| Duke Energy Corporation | -0.16 | 0.02 | 0.08 | 63 | Utilities | |
| Altria Group, Inc. | -0.16 | 0.01 | 0.09 | 79 | Consumer Defensive | |
| The Southern Company | -0.12 | 0.06 | 0.11 | 55 | Utilities |
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