Looking to diversify beyond AVMA? The ETFs below have the lowest correlation with AVMA — 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 AVMA.
Best Diversifiers for AVMA
247 ETFs have low correlation with AVMA (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.37 | -0.37 | 57 | Cryptocurrency | AVMA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AVMA vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.39 | -0.39 | 51 | Currency | AVMA vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.44 | -0.44 | 60 | Inverse Equities | AVMA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | AVMA vs MSTZ |
See all 2048 diversifiers for AVMA
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