Looking to balance out your exposure to ASCCY? The ETFs below have historically moved differently from ASCCY, 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 ASCCY
0 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 0.33, up from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | 0.33 | 0.29 | 0.22 | 90 | Dividend | ASCCY vs VYM | |
| ProShares UltraPro S&P 500 | 0.35 | 0.35 | 0.24 | 59 | Leveraged Equities, S&P 500 | ASCCY vs UPRO | |
| Vanguard Dividend Appreciation ETF | 0.36 | 0.31 | 0.22 | 76 | Dividend | ASCCY vs VIG |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASCCY, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.13 | 0.04 | 0.05 | 59 | Consumer Defensive | |
| Targa Resources Corp. | -0.03 | 0.11 | 0.10 | 91 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.04 | 0.08 | 85 | Consumer Defensive | |
| Hachijuni Bank Ltd ADR | 0.03 | -0.02 | 0.01 | 95 | Financial Services | |
| Apple Inc | 0.07 | 0.14 | 0.10 | 90 | Technology |
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