Looking to diversify beyond AVIE? The ETFs below have the lowest correlation with AVIE — 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 AVIE.
Best Diversifiers for AVIE
1364 ETFs have low correlation with AVIE (below 0.3), 85 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.14, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.14 | -0.05 | — | 61 | Leveraged Currency | AVIE vs YCS | |
| Roundhill Weekly T-Bill ETF | -0.13 | — | — | 99 | Ultrashort Bond | AVIE vs WEEK | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.11 | — | — | 100 | Ultrashort Bond | AVIE vs VBIL | |
| ProShares Ultra Semiconductors | -0.10 | 0.09 | — | 89 | Leveraged Equities, Semiconductors | AVIE vs USD | |
| IQ MacKay Municipal Insured ETF | -0.09 | 0.03 | — | 74 | Municipal Bonds | AVIE vs MMIN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVIE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVIE and solid risk/return profiles. The least correlated is Amarin Corporation plc (AMRN) (Healthcare) with a 1Y correlation of 0.13, down from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amarin Corporation plc | 0.13 | 0.24 | — | 59 | Healthcare |
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