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 Global Utilities ETF (JXI) (Utilities Equities) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Utilities ETF | -0.04 | 0.02 | 0.04 | 52 | Utilities Equities | ASC vs JXI | |
| iShares 0-1 Year Treasury Bond ETF | 0.03 | -0.04 | -0.10 | 100 | Government Bonds, Ultrashort Bond | ASC vs SHV | |
| Invesco S&P 500 Momentum ETF | 0.06 | 0.12 | 0.19 | 62 | Momentum, S&P 500 | ASC vs SPMO | |
| Capital Group Dividend Value ETF | 0.08 | 0.17 | — | 69 | Large Cap Value Equities, Dividend | ASC vs CGDV | |
| Vanguard S&P 500 ETF | 0.11 | 0.14 | 0.18 | 66 | 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.06 | 0.05 | 0.02 | 80 | Healthcare | |
| Powell Industries, Inc. | -0.06 | 0.07 | 0.13 | 96 | Industrials | |
| Arch Capital Group Ltd. | -0.04 | -0.01 | 0.08 | 68 | Financial Services | |
| Zymeworks Inc. | -0.02 | 0.04 | 0.10 | 88 | Healthcare | |
| NMI Holdings, Inc. | -0.02 | 0.09 | 0.12 | 57 | Financial Services |
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Build a portfolio that complements ASC
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