Looking to diversify beyond AVMU? The ETFs below have historically moved differently from AVMU, 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 AVMU
1423 ETFs have low correlation with AVMU (below 0.3), 95 of which are negatively correlated. The least correlated is Strive U.S. Energy ETF (DRLL) (Energy Equities) with a 1Y correlation of -0.31, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Strive U.S. Energy ETF | -0.31 | -0.13 | — | 53 | Energy Equities | AVMU vs DRLL | |
| Invesco DB Energy Fund | -0.31 | -0.16 | -0.10 | 54 | Oil & Gas | AVMU vs DBE | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.30 | — | — | 53 | Leveraged Equities | AVMU vs NRGU | |
| Direxion Daily Energy Bull 2X Shares | -0.29 | -0.12 | -0.10 | 56 | Energy Equities, Leveraged Equities | AVMU vs ERX | |
| ProShares Ultra Energy | -0.29 | -0.11 | -0.10 | 56 | Leveraged Equities | AVMU vs DIG |
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