Looking to balance out your exposure to ASB? The ETFs below have the lowest correlation with ASB — they tend to move on their own, which can help reduce risk when ASB drops. The stock ideas table highlights individual companies that behave independently from ASB.
Best Diversifiers for ASB
0 ETFs have low correlation with ASB (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.43, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.43 | 0.47 | 0.52 | 60 | S&P 500 | ASB vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.52 | 0.58 | 0.63 | 77 | Dividend | ASB vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASB and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.68, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.68 | 0.69 | 0.68 | 56 | Financial Services |
Build a portfolio that complements ASB
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