Looking to diversify beyond AVMV? The ETFs below have the lowest correlation with AVMV — 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 AVMV.
Best Diversifiers for AVMV
376 ETFs have low correlation with AVMV (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.34 | -0.34 | 57 | Cryptocurrency | AVMV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | AVMV vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AVMV vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | -0.36 | -0.36 | 60 | Inverse Equities | AVMV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | AVMV vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVMV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVMV and solid risk/return profiles. The least correlated is Elevance Health, Inc. (ELV) (Healthcare) with a 1Y correlation of 0.27, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elevance Health, Inc. | 0.27 | 0.24 | 0.24 | 66 | Healthcare |
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