Looking to diversify beyond AVGU? The ETFs below have the lowest correlation with AVGU — 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 AVGU.
Best Diversifiers for AVGU
0 ETFs have low correlation with AVGU (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long AMD Daily ETF (AMDL) (Leveraged Equities) with a 1Y correlation of 0.53, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.53 | 0.53 | 0.53 | 94 | Leveraged Equities | AVGU vs AMDL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVGU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVGU and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.99, roughly unchanged from 0.99 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.99 | 0.99 | 0.99 | 72 | Technology |
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