Looking to balance out your exposure to ASCCY? The ETFs below have the lowest correlation with ASCCY — they tend to move on their own, which can help reduce risk when ASCCY drops. The stock ideas table highlights individual companies that behave independently from ASCCY.
Best Diversifiers for ASCCY
1 ETFs have low correlation with ASCCY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield ETF (VYM) (Dividend) with a 1Y correlation of 0.30, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | 0.30 | 0.29 | 0.22 | 77 | Dividend | ASCCY vs VYM | |
| Vanguard Dividend Appreciation ETF | 0.31 | 0.30 | 0.22 | 56 | Dividend | ASCCY vs VIG | |
| ProShares UltraPro QQQ | 0.32 | 0.34 | 0.22 | 71 | Leveraged Equities | ASCCY vs TQQQ | |
| ProShares UltraPro S&P 500 | 0.35 | 0.35 | 0.24 | 62 | Leveraged Equities, S&P 500 | ASCCY vs UPRO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASCCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASCCY and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.05 | 0.06 | 63 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | 0.01 | 0.06 | 0.09 | 80 | Consumer Defensive | |
| Hachijuni Bank Ltd ADR | 0.03 | -0.01 | 0.01 | 83 | Financial Services | |
| Argan, Inc. | 0.06 | 0.14 | 0.11 | 93 | Industrials | |
| Apple Inc | 0.07 | 0.18 | 0.12 | 89 | Technology |
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