Looking to balance out your exposure to ASG? The ETFs below have historically moved differently from ASG, 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 ASG
2 ETFs have low correlation with ASG (below 0.3), 1 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of -0.04, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | -0.04 | 0.27 | 0.36 | 66 | MLPs | ASG vs AMLP | |
| Pacer Global Cash Cows Dividend ETF | 0.14 | 0.35 | 0.43 | 90 | Large Cap Value Equities, Dividend | ASG vs GCOW | |
| YieldMax GOOGL Option Income Strategy ETF | 0.46 | 0.45 | 0.45 | 89 | Derivative Income | ASG vs GOOY | |
| Amplify CWP Enhanced Dividend Income ETF | 0.53 | 0.62 | 0.63 | 81 | Derivative Income | ASG vs DIVO | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.73 | 0.73 | — | 55 | Nasdaq-100, Derivative Income | ASG vs JEPQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASG, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.32, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.32 | -0.06 | 0.06 | 66 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.14 | 0.15 | 0.27 | 89 | Energy | |
| Kinder Morgan, Inc. | -0.07 | 0.21 | 0.32 | 72 | Energy | |
| Energy Transfer LP | -0.06 | 0.26 | 0.33 | 81 | Energy | |
| Berkshire Hathaway Inc. Class A | -0.00 | 0.25 | 0.36 | 58 | Financial Services |
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