Looking to diversify beyond AVGX? The ETFs below have historically moved differently from AVGX, 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 AVGX
882 ETFs have low correlation with AVGX (below 0.3), 220 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | — | — | 51 | Cryptocurrency | AVGX vs BITI | |
| iShares U.S. Insurance ETF | -0.31 | — | — | 54 | Financials Equities | AVGX vs IAK | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.29 | -0.10 | -0.10 | 92 | Large Cap Value Equities, Dividend | AVGX vs FDL | |
| iShares Core High Dividend ETF | -0.28 | — | — | 91 | Dividend, Large Cap Value Equities | AVGX vs HDV | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | -0.28 | -0.28 | 69 | Derivative Income | AVGX vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVGX, 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 Eton Pharmaceuticals Inc (ETON) (Healthcare) with a 1Y correlation of -0.08, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eton Pharmaceuticals Inc | -0.08 | 0.10 | 0.10 | 96 | Healthcare | |
| Aveanna Healthcare Holdings Inc. | 0.06 | 0.16 | 0.16 | 93 | Healthcare | |
| Elbit Systems Ltd. | 0.08 | 0.13 | 0.13 | 86 | Industrials | |
| Trevi Therapeutics, Inc. | 0.10 | 0.11 | 0.11 | 92 | Healthcare | |
| FIGS, Inc. | 0.14 | 0.17 | 0.17 | 77 | Consumer Cyclical |
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