Looking to diversify beyond AVGV? The ETFs below have historically moved differently from AVGV, 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 AVGV
302 ETFs have low correlation with AVGV (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | — | 51 | Cryptocurrency | AVGV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | -0.40 | — | 69 | Derivative Income | AVGV vs WNTR | |
| Invesco DB Energy Fund | -0.26 | 0.01 | 0.02 | 66 | Oil & Gas | AVGV vs DBE | |
| ProShares UltraShort Yen | -0.23 | -0.14 | — | 59 | Leveraged Currency | AVGV vs YCS | |
| Invesco DB Oil Fund | -0.22 | 0.03 | 0.05 | 51 | Oil & Gas | AVGV vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVGV, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.08 | 0.08 | 66 | Consumer Defensive | |
| Chubb Limited | -0.07 | 0.15 | 0.14 | 87 | Financial Services | |
| The Coca-Cola Company | -0.06 | 0.10 | 0.10 | 87 | Consumer Defensive | |
| Duke Energy Corporation | -0.05 | 0.08 | 0.08 | 52 | Utilities | |
| Occidental Petroleum Corporation | -0.05 | 0.26 | 0.27 | 68 | Energy |
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