Looking to diversify beyond ASEA? The ETFs below have historically moved differently from ASEA, 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 ASEA
422 ETFs have low correlation with ASEA (below 0.3), 72 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ASEA vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | -0.20 | — | 61 | Cryptocurrency | ASEA vs BITI | |
| ProShares UltraShort Yen | -0.32 | -0.30 | -0.26 | 56 | Leveraged Currency | ASEA vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.21 | -0.21 | 52 | Inverse Equities | ASEA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 61 | Inverse Equities, Leveraged Equities | ASEA vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASEA, 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 CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.02, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.02 | 0.06 | 0.13 | 94 | Healthcare | |
| Altria Group, Inc. | -0.00 | 0.09 | 0.15 | 66 | Consumer Defensive | |
| Suncor Energy Inc. | 0.02 | 0.13 | 0.24 | 94 | Energy | |
| Enterprise Products Partners L.P. | 0.02 | 0.12 | 0.22 | 89 | Energy | |
| The Cigna Group | 0.09 | 0.11 | 0.15 | 51 | Healthcare |
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