Looking to diversify beyond AVGU? The ETFs below have historically moved differently from AVGU, 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 AVGU
1 ETFs have low correlation with AVGU (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P Biotech Bull 3x Shares | 0.24 | — | — | 94 | Leveraged Equities | AVGU vs LABU | |
| GraniteShares 2x Long DELL Daily ETF | 0.41 | — | — | 95 | Leveraged Equities | AVGU vs DLLL | |
| GraniteShares 2x Long INTC Daily ETF | 0.43 | — | — | 97 | Leveraged Equities | AVGU vs INTW | |
| Direxion Daily MU Bull 2X Shares | 0.50 | — | — | 98 | Leveraged Equities, Semiconductors | AVGU vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 0.50 | — | — | 98 | Leveraged Equities | AVGU vs MULL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVGU, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.99, roughly unchanged from 0.99 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.99 | 0.99 | 0.99 | 68 | Technology |
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