Looking to diversify beyond AVMV? The ETFs below have historically moved differently from AVMV, 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 AVMV
373 ETFs have low correlation with AVMV (below 0.3), 49 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | — | — | 51 | Cryptocurrency | AVMV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 69 | Derivative Income | AVMV vs WNTR | |
| Invesco DB Energy Fund | -0.20 | -0.01 | -0.01 | 66 | Oil & Gas | AVMV vs DBE | |
| Invesco DB Oil Fund | -0.17 | 0.02 | 0.02 | 51 | Oil & Gas | AVMV vs DBO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.16 | -0.11 | -0.11 | 51 | Nontraditional Bonds | AVMV vs RISR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVMV, 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 Elevance Health, Inc. (ELV) (Healthcare) with a 1Y correlation of 0.25, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elevance Health, Inc. | 0.25 | 0.24 | 0.24 | 76 | Healthcare |
Build a portfolio that complements AVMV
Add AVMV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AVMV