Looking to balance out your exposure to AISP? The ETFs below have the lowest correlation with AISP — they tend to move on their own, which can help reduce risk when AISP drops. The stock ideas table highlights individual companies that behave independently from AISP.
Best Diversifiers for AISP
1 ETFs have low correlation with AISP (below 0.3), 0 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of 0.23, roughly unchanged from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 0.23 | 0.18 | — | 95 | Long-Short | AISP vs CLSE | |
| VanEck Semiconductor ETF | 0.32 | 0.21 | 0.14 | 96 | Semiconductors, Technology Equities | AISP vs SMH | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.33 | 0.21 | 0.14 | 97 | Leveraged Equities, Semiconductors | AISP vs SOXL | |
| Invesco Semiconductors ETF | 0.33 | 0.23 | 0.16 | 96 | Semiconductors, Technology Equities | AISP vs PSI | |
| Vanguard S&P 500 ETF | 0.41 | 0.26 | 0.18 | 70 | S&P 500 | AISP vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AISP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AISP and solid risk/return profiles. The least correlated is ASA Gold and Precious Metals Limited (ASA) (Financial Services) with a 1Y correlation of 0.11, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASA Gold and Precious Metals Limited | 0.11 | 0.06 | 0.04 | 79 | Financial Services | |
| Micron Technology, Inc. | 0.16 | 0.18 | 0.12 | 99 | Technology | |
| Globalstar, Inc. | 0.22 | 0.18 | 0.14 | 97 | Communication Services | |
| Tesla, Inc. | 0.26 | 0.20 | 0.15 | 55 | Consumer Cyclical | |
| GigaCloud Technology Inc | 0.32 | 0.17 | 0.14 | 75 | Technology |
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