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
315 ETFs have low correlation with ASCI (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.39, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.39 | -0.39 | -0.39 | 54 | Leveraged Commodities | ASCI vs UCO | |
| ProShares UltraShort Yen | -0.28 | -0.28 | -0.28 | 61 | Leveraged Currency | ASCI vs YCS | |
| DoubleLine Commodity Strategy ETF | -0.28 | -0.28 | -0.28 | 76 | Commodities | ASCI vs DCMT | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.28 | -0.28 | -0.28 | 58 | Leveraged Equities | ASCI vs NRGU | |
| Strive U.S. Energy ETF | -0.28 | -0.28 | -0.28 | 55 | Energy Equities | ASCI vs DRLL |
See all 2064 diversifiers for ASCI
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Diversification Analysis
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