Looking to diversify beyond ASCE? The ETFs below have historically moved differently from ASCE, 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 ASCE
4 ETFs have low correlation with ASCE (below 0.3), 3 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tortoise North American Pipeline Fund | -0.03 | — | — | 80 | Energy Equities | ASCE vs TPYP | |
| iShares Global Energy ETF | -0.01 | — | — | 75 | Energy Equities | ASCE vs IXC | |
| iShares U.S. Energy ETF | -0.01 | — | — | 67 | Energy Equities | ASCE vs IYE | |
| Allspring Ultra Short Municipal ETF | 0.01 | — | — | 97 | Municipal Bonds | ASCE vs AUSM | |
| SPDR S&P Global Infrastructure ETF | 0.39 | — | — | 63 | Infrastructure Equities, Utilities Equities | ASCE vs GII |
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