Looking to balance out your exposure to AVPT? The ETFs below have the lowest correlation with AVPT — they tend to move on their own, which can help reduce risk when AVPT drops. The stock ideas table highlights individual companies that behave independently from AVPT.
Best Diversifiers for AVPT
1 ETFs have low correlation with AVPT (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.09, down from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.09 | 0.30 | — | 96 | Leveraged Equities, Semiconductors | AVPT vs SOXL | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.45 | — | 60 | S&P 500 | AVPT vs SPY | |
| Invesco QQQ ETF | 0.34 | 0.45 | — | 59 | Nasdaq-100 | AVPT vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVPT and solid risk/return profiles. The least correlated is Gold Fields Limited (GFI) (Basic Materials) with a 1Y correlation of 0.05, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Gold Fields Limited | 0.05 | 0.08 | 0.07 | 62 | Basic Materials | |
| Eli Lilly and Company | 0.06 | 0.12 | 0.12 | 75 | Healthcare | |
| Wheaton Precious Metals Corp. | 0.06 | 0.13 | 0.14 | 60 | Basic Materials | |
| Ero Copper Corp | 0.06 | 0.17 | 0.20 | 72 | Basic Materials | |
| Vista Oil & Gas, S.A.B. de C.V. | 0.07 | 0.12 | 0.13 | 61 | Energy |
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