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
2 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 0.08, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.08 | 0.29 | 0.38 | 91 | Leveraged Equities, Semiconductors | AVPT vs SOXL | |
| Invesco QQQ ETF | 0.30 | 0.44 | 0.49 | 53 | Nasdaq-100 | AVPT vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.45 | 0.48 | 65 | S&P 500 | AVPT vs SPY |
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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.15, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.15 | -0.00 | 0.09 | 78 | Real Estate | |
| Ero Copper Corp | 0.02 | 0.16 | 0.19 | 76 | Basic Materials | |
| Wheaton Precious Metals Corp. | 0.03 | 0.12 | 0.13 | 55 | Basic Materials | |
| Gold Fields Limited | 0.04 | 0.07 | 0.07 | 64 | Basic Materials | |
| Pan American Silver Corp. | 0.05 | 0.14 | 0.16 | 69 | Basic Materials |
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