Looking to balance out your exposure to AVGO? The ETFs below have historically moved differently from AVGO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AVGO
130 ETFs have low correlation with AVGO (below 0.3), 38 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.28, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.28 | -0.07 | 0.18 | 87 | Dividend, Large Cap Value Equities | AVGO vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.27 | -0.04 | 0.17 | 89 | Large Cap Value Equities, Dividend | AVGO vs FDL | |
| WisdomTree US High Dividend Fund | -0.18 | 0.02 | 0.20 | 88 | Large Cap Value Equities, Dividend | AVGO vs DHS | |
| Barclays ETN+ Select MLP ETN | -0.16 | 0.09 | 0.18 | 53 | MLPs | AVGO vs ATMP | |
| State Street Health Care Select Sector SPDR ETF | -0.16 | 0.05 | 0.22 | 60 | Health & Biotech Equities | AVGO vs XLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVGO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.41, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.41 | -0.30 | -0.12 | 56 | Utilities | |
| Chubb Limited | -0.38 | -0.17 | 0.02 | 87 | Financial Services | |
| Arch Capital Group Ltd. | -0.37 | -0.13 | 0.03 | 59 | Financial Services | |
| RenaissanceRe Holdings Ltd. | -0.35 | -0.08 | 0.03 | 83 | Financial Services | |
| The Allstate Corporation | -0.34 | -0.12 | 0.03 | 80 | Financial Services |
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