Looking to diversify beyond AVGE? The ETFs below have the lowest correlation with AVGE — 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 AVGE.
Best Diversifiers for AVGE
337 ETFs have low correlation with AVGE (below 0.3), 58 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | 0.00 | — | 71 | Oil & Gas | AVGE vs DBE | |
| United States Oil Fund LP | -0.30 | 0.02 | — | 66 | Oil & Gas | AVGE vs USO | |
| United States Brent Oil Fund LP | -0.29 | 0.02 | — | 65 | Oil & Gas | AVGE vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 55 | Derivative Income | AVGE vs USOY | |
| Invesco DB Oil Fund | -0.27 | 0.03 | — | 65 | Oil & Gas | AVGE vs DBO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVGE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVGE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.10 | 0.16 | 73 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.06 | 0.22 | 0.28 | 86 | Energy | |
| Duke Energy Corporation | -0.04 | 0.08 | 0.14 | 57 | Utilities | |
| The Coca-Cola Company | -0.03 | 0.11 | 0.18 | 62 | Consumer Defensive | |
| ConocoPhillips Company | -0.03 | 0.22 | 0.28 | 78 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AVGE
Add AVGE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AVGE