Looking to diversify beyond AVGG? The ETFs below have the lowest correlation with AVGG — 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 AVGG.
Best Diversifiers for AVGG
867 ETFs have low correlation with AVGG (below 0.3), 168 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.30 | -0.30 | -0.30 | 52 | Cryptocurrency | AVGG vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 63 | Inverse Equities | AVGG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 70 | Inverse Equities, Leveraged Equities | AVGG vs MSTZ | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.26 | — | — | 87 | Large Cap Value Equities, Dividend | AVGG vs FDL | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.25 | — | — | 60 | Dividend | AVGG vs LVHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVGG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVGG and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 1.00 | — | — | 67 | Technology |
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