Looking to balance out your exposure to ASBFY? The ETFs below have the lowest correlation with ASBFY — they tend to move on their own, which can help reduce risk when ASBFY drops. The stock ideas table highlights individual companies that behave independently from ASBFY.
No Diversifiers Found for ASBFY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASBFY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASBFY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.15, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.15 | 0.17 | 0.22 | 74 | Consumer Defensive | |
| PepsiCo, Inc. | 0.18 | 0.17 | 0.18 | 61 | Consumer Defensive |
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