Looking to balance out your exposure to AS? The ETFs below have historically moved differently from AS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AS
2 ETFs have low correlation with AS (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Barclays ETN+ Select MLP ETN | -0.09 | — | — | 68 | MLPs | AS vs ATMP | |
| PIMCO Enhanced Short Maturity Active ETF | 0.04 | — | — | 100 | Ultrashort Bond | AS vs MINT | |
| Global X MSCI Greece ETF | 0.33 | 0.33 | 0.33 | 58 | Emerging Markets Equities | AS vs GREK | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.38 | — | — | 55 | Nasdaq-100, Derivative Income | AS vs JEPQ | |
| Invesco International BuyBack Achievers™ ETF | 0.41 | — | — | 79 | Global Equities | AS vs IPKW |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.08 | — | — | 81 | Energy | |
| The Williams Companies, Inc. | -0.06 | 0.16 | 0.16 | 74 | Energy | |
| uniQure N.V. | -0.01 | — | — | 84 | Healthcare | |
| Berkshire Hathaway Inc. | 0.01 | — | — | 61 | Financial Services | |
| Walmart Inc. | 0.01 | — | — | 62 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AS
Add AS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AS