Looking to diversify beyond ASEA? The ETFs below have the lowest correlation with ASEA — 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 ASEA.
Best Diversifiers for ASEA
368 ETFs have low correlation with ASEA (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.30 | -0.26 | 75 | Leveraged Currency | ASEA vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 53 | Inverse Equities | ASEA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 60 | Inverse Equities, Leveraged Equities | ASEA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 65 | Derivative Income | ASEA vs WNTR | |
| United States Gasoline Fund LP | -0.20 | -0.06 | 0.06 | 72 | Oil & Gas | ASEA vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASEA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASEA and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.05, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.05 | 0.05 | 0.13 | 90 | Healthcare | |
| Altria Group, Inc. | -0.01 | 0.10 | 0.16 | 79 | Consumer Defensive | |
| Enterprise Products Partners L.P. | 0.02 | 0.15 | 0.25 | 83 | Energy | |
| Suncor Energy Inc. | 0.04 | 0.15 | 0.25 | 89 | Energy | |
| PepsiCo, Inc. | 0.14 | 0.17 | 0.19 | 50 | Consumer Defensive |
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