Looking to balance out your exposure to AVHNY? The ETFs below have the lowest correlation with AVHNY — they tend to move on their own, which can help reduce risk when AVHNY drops. The stock ideas table highlights individual companies that behave independently from AVHNY.
Best Diversifiers for AVHNY
2 ETFs have low correlation with AVHNY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.04 | — | — | 68 | Momentum, S&P 500 | AVHNY vs SPMO | |
| Amplify CWP Enhanced Dividend Income ETF | 0.08 | — | — | 60 | Derivative Income | AVHNY vs DIVO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVHNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVHNY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nova Ltd | -0.09 | — | — | 89 | Technology | |
| ASML Holding N.V. | -0.09 | — | — | 94 | Technology | |
| Exxon Mobil Corporation | -0.09 | -0.06 | -0.06 | 72 | Energy | |
| Analog Devices, Inc. | -0.09 | -0.06 | -0.06 | 91 | Technology | |
| PHINIA Inc. | -0.09 | — | — | 93 | Consumer Cyclical |
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