Looking to diversify beyond AVGX? The ETFs below have the lowest correlation with AVGX — 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 AVGX.
Best Diversifiers for AVGX
758 ETFs have low correlation with AVGX (below 0.3), 125 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | -0.31 | -0.31 | 53 | Inverse Equities | AVGX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.29 | -0.29 | 60 | Inverse Equities, Leveraged Equities | AVGX vs MSTZ | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.26 | — | — | 70 | Large Cap Value Equities, Dividend | AVGX vs FDL | |
| iShares Core High Dividend ETF | -0.24 | — | — | 72 | Dividend, Large Cap Value Equities | AVGX vs HDV | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | — | — | 65 | Derivative Income | AVGX vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVGX and solid risk/return profiles. The least correlated is Eton Pharmaceuticals Inc (ETON) (Healthcare) with a 1Y correlation of -0.10, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eton Pharmaceuticals Inc | -0.10 | 0.11 | 0.11 | 91 | Healthcare | |
| Aveanna Healthcare Holdings Inc. | 0.08 | 0.16 | 0.16 | 90 | Healthcare | |
| Elbit Systems Ltd | 0.08 | 0.12 | 0.12 | 84 | Industrials | |
| Trevi Therapeutics, Inc. | 0.09 | — | — | 95 | Healthcare | |
| Dillard's, Inc. | 0.13 | 0.15 | 0.15 | 64 | Consumer Cyclical |
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