Looking to balance out your exposure to ASC? The ETFs below have the lowest correlation with ASC — they tend to move on their own, which can help reduce risk when ASC drops. The stock ideas table highlights individual companies that behave independently from ASC.
Best Diversifiers for ASC
6 ETFs have low correlation with ASC (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.01 | -0.06 | -0.10 | 100 | Government Bonds, Ultrashort Bond | ASC vs SHV | |
| Invesco S&P 500 Momentum ETF | 0.06 | 0.14 | 0.20 | 75 | Momentum, S&P 500 | ASC vs SPMO | |
| Capital Group Dividend Value ETF | 0.08 | 0.18 | — | 80 | Large Cap Value Equities, Dividend | ASC vs CGDV | |
| iShares Silver Trust | 0.09 | 0.15 | 0.15 | 51 | Silver, Precious Metals | ASC vs SLV | |
| Vanguard S&P 500 ETF | 0.10 | 0.15 | 0.19 | 74 | S&P 500 | ASC vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASC and solid risk/return profiles. The least correlated is Powell Industries, Inc. (POWL) (Industrials) with a 1Y correlation of -0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powell Industries, Inc. | -0.03 | 0.08 | 0.15 | 98 | Industrials | |
| Eli Lilly and Company | -0.02 | 0.06 | 0.03 | 75 | Healthcare | |
| Turning Point Brands, Inc. | -0.01 | 0.03 | 0.09 | 51 | Consumer Defensive | |
| Southwest Gas Holdings, Inc. | 0.00 | 0.07 | 0.09 | 78 | Utilities | |
| Zymeworks Inc. | 0.01 | 0.05 | 0.11 | 88 | Healthcare |
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