Looking to balance out your exposure to ASC? The ETFs below have historically moved differently from ASC, 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 ASC
5 ETFs have low correlation with ASC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of 0.04, up from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 0.04 | -0.04 | -0.10 | 100 | Government Bonds, Ultrashort Bond | ASC vs SHV | |
| Capital Group Dividend Value ETF | 0.09 | 0.16 | — | 80 | Large Cap Value Equities, Dividend | ASC vs CGDV | |
| Vanguard S&P 500 ETF | 0.12 | 0.14 | 0.18 | 68 | S&P 500 | ASC vs VOO | |
| iShares MSCI Brazil ETF | 0.19 | 0.18 | 0.21 | 68 | Latin America Equities | ASC vs EWZ | |
| State Street Energy Select Sector SPDR ETF | 0.23 | 0.29 | 0.37 | 76 | Energy Equities | ASC vs XLE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASC, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.07 | -0.03 | 0.07 | 67 | Financial Services | |
| Eli Lilly and Company | -0.07 | 0.05 | 0.02 | 83 | Healthcare | |
| Powell Industries, Inc. | -0.04 | 0.08 | 0.13 | 93 | Industrials | |
| NMI Holdings, Inc. | -0.03 | 0.08 | 0.11 | 67 | Financial Services | |
| Essent Group Ltd. | -0.03 | 0.09 | 0.12 | 69 | Financial Services |
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