Looking to balance out your exposure to AS? The ETFs below have the lowest correlation with AS — they tend to move on their own, which can help reduce risk when AS drops. The stock ideas table highlights individual companies that behave independently from AS.
Best Diversifiers for AS
2 ETFs have low correlation with AS (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | -0.02 | — | — | 100 | Ultrashort Bond | AS vs MINT | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.23 | 0.23 | 0.23 | 55 | Silver, Precious Metals | AS vs SLVP | |
| Defiance Daily Target 2X Long AVGO ETF | 0.35 | 0.36 | 0.36 | 50 | Leveraged Equities | AS vs AVGX | |
| Invesco International BuyBack Achievers™ ETF | 0.40 | — | — | 54 | Global Equities | AS vs IPKW | |
| Vanguard International High Dividend Yield ETF | 0.43 | — | — | 66 | Dividend, Foreign Large Cap Equities | AS vs VYMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AS and solid risk/return profiles. The least correlated is The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.00, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.00 | 0.18 | 0.18 | 66 | Energy | |
| Energy Transfer LP | 0.01 | 0.19 | 0.19 | 69 | Energy | |
| Walmart Inc. | 0.02 | — | — | 63 | Consumer Defensive | |
| Elbit Systems Ltd | 0.07 | — | — | 88 | Industrials | |
| uniQure N.V. | 0.08 | — | — | 71 | Healthcare |
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