Looking to balance out your exposure to AVNT? The ETFs below have the lowest correlation with AVNT — they tend to move on their own, which can help reduce risk when AVNT drops. The stock ideas table highlights individual companies that behave independently from AVNT.
No Diversifiers Found for AVNT
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVNT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVNT and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.01, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.01 | 0.22 | 0.31 | 83 | Energy | |
| Walmart Inc. | 0.07 | 0.16 | 0.21 | 63 | Consumer Defensive | |
| Raytheon Technologies Corporation | 0.11 | 0.21 | 0.35 | 70 | Industrials | |
| Halliburton Company | 0.14 | 0.30 | 0.37 | 94 | Energy | |
| Apple Inc | 0.26 | 0.28 | 0.38 | 89 | Technology |
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