Looking to balance out your exposure to AVGO? The ETFs below have the lowest correlation with AVGO — they tend to move on their own, which can help reduce risk when AVGO drops. The stock ideas table highlights individual companies that behave independently from AVGO.
Best Diversifiers for AVGO
103 ETFs have low correlation with AVGO (below 0.3), 14 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.21, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.21 | -0.01 | 0.19 | 72 | Large Cap Value Equities, Dividend | AVGO vs FDL | |
| iShares Core High Dividend ETF | -0.19 | -0.02 | 0.20 | 74 | Dividend, Large Cap Value Equities | AVGO vs HDV | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.02 | -0.02 | 100 | Ultrashort Bond | AVGO vs SGOV | |
| WisdomTree US High Dividend Fund | -0.13 | 0.04 | 0.22 | 75 | Large Cap Value Equities, Dividend | AVGO vs DHS | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | AVGO vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVGO and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.36, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.36 | -0.27 | -0.11 | 66 | Utilities | |
| Chubb Limited | -0.31 | -0.14 | 0.04 | 72 | Financial Services | |
| Duke Energy Corporation | -0.30 | -0.23 | -0.08 | 64 | Utilities | |
| RenaissanceRe Holdings Ltd. | -0.30 | -0.06 | 0.05 | 77 | Financial Services | |
| Verizon Communications Inc. | -0.28 | -0.19 | -0.06 | 62 | Communication Services |
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