Looking to diversify beyond AVIV? The ETFs below have historically moved differently from AVIV, 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 AVIV
305 ETFs have low correlation with AVIV (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.29 | — | 61 | Cryptocurrency | AVIV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | AVIV vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.33 | -0.33 | 52 | Inverse Equities | AVIV vs SMST | |
| ProShares UltraShort Yen | -0.37 | -0.29 | — | 56 | Leveraged Currency | AVIV vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | AVIV vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVIV, 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 0.18 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 | 0.18 | 66 | Consumer Defensive | |
| ConocoPhillips Company | -0.07 | 0.15 | 0.32 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.07 | 0.18 | 0.32 | 70 | Energy | |
| Chevron Corporation | -0.04 | 0.18 | — | 80 | Energy | |
| Enterprise Products Partners L.P. | -0.04 | 0.24 | 0.37 | 89 | Energy |
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