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 Total International Stock ETF (VXUS) (Global Equities) with a 1Y correlation of 0.49, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total International Stock ETF | 0.49 | 0.42 | 0.46 | 55 | Global Equities | AVNW vs VXUS | |
| Vanguard S&P 500 ETF | 0.53 | 0.43 | 0.48 | 60 | 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 AGCO Corporation (AGCO) (Industrials) with a 1Y correlation of 0.29, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGCO Corporation | 0.29 | 0.28 | 0.32 | 55 | Industrials | |
| Axalta Coating Systems Ltd. | 0.30 | 0.38 | 0.40 | 56 | Basic Materials | |
| Cadence Design Systems, Inc. | 0.36 | 0.30 | 0.36 | 61 | Technology | |
| Flowserve Corporation | 0.47 | 0.45 | 0.42 | 77 | Industrials |
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