Looking to diversify beyond AVNM? The ETFs below have the lowest correlation with AVNM — 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 AVNM.
Best Diversifiers for AVNM
274 ETFs have low correlation with AVNM (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.56, roughly unchanged from -0.55 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.56 | -0.55 | — | 51 | Currency | AVNM vs UUP | |
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | -0.32 | 57 | Cryptocurrency | AVNM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AVNM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 53 | Inverse Equities | AVNM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | AVNM vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVNM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVNM and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.16, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.16 | 0.04 | 0.04 | 53 | Industrials | |
| Altria Group, Inc. | -0.12 | 0.07 | 0.07 | 81 | Consumer Defensive | |
| Chubb Limited | -0.10 | 0.09 | 0.09 | 86 | Financial Services | |
| Duke Energy Corporation | -0.10 | 0.06 | 0.07 | 66 | Utilities | |
| The Coca-Cola Company | -0.09 | 0.09 | 0.08 | 83 | Consumer Defensive |
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