Looking to balance out your exposure to ASA? The ETFs below have historically moved differently from ASA, 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 ASA
7 ETFs have low correlation with ASA (below 0.3), 3 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.03 | 0.14 | 0.21 | 61 | Commodities | ASA vs GSG | |
| Breakwave Tanker Shipping ETF | -0.01 | 0.07 | — | 99 | Commodities | ASA vs BWET | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.01 | 0.02 | 100 | Ultrashort Bond | ASA vs SGOV | |
| VanEck Commodity Strategy ETF | 0.15 | 0.29 | — | 88 | Commodities | ASA vs PIT | |
| Direxion Daily GOOGL Bull 2X Shares | 0.23 | 0.13 | — | 94 | Leveraged Equities | ASA vs GGLL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is VeriSign, Inc. (VRSN) (Technology) with a 1Y correlation of -0.14, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| VeriSign, Inc. | -0.14 | 0.00 | 0.09 | 58 | Technology | |
| Johnson & Johnson | 0.01 | 0.06 | 0.07 | 96 | Healthcare | |
| British American Tobacco p.l.c. | 0.06 | 0.19 | 0.21 | 64 | Consumer Defensive | |
| Progyny, Inc. | 0.11 | 0.12 | 0.16 | 68 | Healthcare | |
| AxoGen, Inc. | 0.14 | 0.14 | 0.11 | 99 | Healthcare |
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