Looking to diversify beyond ASCI? The ETFs below have the lowest correlation with ASCI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ASCI.
Best Diversifiers for ASCI
293 ETFs have low correlation with ASCI (below 0.3), 42 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.34 | -0.34 | -0.34 | 84 | Oil & Gas | ASCI vs UGA | |
| Direxion Daily Energy Bull 2X Shares | -0.25 | -0.25 | -0.25 | 54 | Leveraged Equities | ASCI vs ERX | |
| State Street Energy Select Sector SPDR ETF | -0.24 | -0.24 | -0.24 | 59 | Energy Equities | ASCI vs XLE | |
| DoubleLine Commodity Strategy ETF | -0.24 | -0.24 | -0.24 | 52 | Commodities | ASCI vs DCMT | |
| Fidelity MSCI Energy Index ETF | -0.23 | -0.23 | -0.23 | 60 | Energy Equities | ASCI vs FENY |
See all 2016 diversifiers for ASCI
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