Looking to diversify beyond AVL? The ETFs below have the lowest correlation with AVL — 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 AVL.
Best Diversifiers for AVL
792 ETFs have low correlation with AVL (below 0.3), 150 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.29 | -0.29 | 57 | Cryptocurrency | AVL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AVL vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.30 | -0.30 | 60 | Inverse Equities | AVL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.29 | -0.29 | 68 | Inverse Equities, Leveraged Equities | AVL vs MSTZ | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.27 | — | — | 76 | Large Cap Value Equities, Dividend | AVL vs FDL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVL and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.28 | — | — | 83 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.18 | — | — | 62 | Energy | |
| Chevron Corporation | -0.15 | — | — | 70 | Energy | |
| Monster Beverage Corporation | -0.03 | — | — | 93 | Consumer Defensive | |
| American Express Company | 0.11 | — | — | 57 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AVL
Add AVL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AVL