Looking to balance out your exposure to ASAN? The ETFs below have the lowest correlation with ASAN — they tend to move on their own, which can help reduce risk when ASAN drops. The stock ideas table highlights individual companies that behave independently from ASAN.
Best Diversifiers for ASAN
3 ETFs have low correlation with ASAN (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.07, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.07 | 0.28 | 0.30 | 80 | Dividend | ASAN vs SCHD | |
| Vanguard S&P 500 ETF | 0.27 | 0.45 | 0.49 | 70 | S&P 500 | ASAN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.45 | 0.49 | 70 | S&P 500 | ASAN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASAN and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.04, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.04 | 0.26 | 0.37 | 96 | Communication Services | |
| Zymeworks Inc. | 0.05 | 0.20 | 0.23 | 88 | Healthcare | |
| DigitalOcean Holdings, Inc. | 0.34 | 0.47 | 0.59 | 98 | Technology | |
| MongoDB, Inc. | 0.46 | 0.55 | 0.64 | 75 | Technology |
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