Looking to balance out your exposure to AVNW? The ETFs below have the lowest correlation with AVNW — they tend to move on their own, which can help reduce risk when AVNW drops. The stock ideas table highlights individual companies that behave independently from AVNW.
Best Diversifiers for AVNW
0 ETFs have low correlation with AVNW (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.52, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.52 | 0.42 | 0.47 | 70 | S&P 500 | AVNW vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVNW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVNW and solid risk/return profiles. The least correlated is The Ensign Group, Inc. (ENSG) (Healthcare) with a 1Y correlation of 0.18, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Ensign Group, Inc. | 0.18 | 0.21 | 0.26 | 52 | Healthcare | |
| AGCO Corporation | 0.27 | 0.28 | 0.32 | 59 | Industrials | |
| Cadence Design Systems, Inc. | 0.34 | 0.30 | 0.36 | 68 | Technology | |
| Flowserve Corporation | 0.45 | 0.45 | 0.42 | 74 | Industrials |
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