Looking to diversify beyond AVNM? The ETFs below have historically moved differently from AVNM, 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 AVNM
328 ETFs have low correlation with AVNM (below 0.3), 68 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | AVNM vs SBIT | |
| ProShares Short Bitcoin ETF | -0.46 | -0.32 | — | 61 | Cryptocurrency | AVNM vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 52 | Inverse Equities | AVNM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | AVNM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | AVNM vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVNM, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.05 | 0.05 | 66 | Consumer Defensive | |
| Chubb Limited | -0.18 | 0.08 | 0.07 | 89 | Financial Services | |
| ConocoPhillips Company | -0.14 | 0.09 | 0.11 | 72 | Energy | |
| Duke Energy Corporation | -0.13 | 0.04 | 0.05 | 56 | Utilities | |
| The Coca-Cola Company | -0.12 | 0.07 | 0.07 | 90 | Consumer Defensive |
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