Looking to diversify beyond ASGM? The ETFs below have the lowest correlation with ASGM — 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 ASGM.
Best Diversifiers for ASGM
0 ETFs have low correlation with ASGM (below 0.3), 0 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of 0.66, roughly unchanged from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 0.66 | 0.66 | 0.66 | 95 | Long-Short, Actively Managed | ASGM vs CLSE | |
| Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF | 0.70 | 0.70 | 0.70 | 70 | Nasdaq-100, Tactical Allocation | ASGM vs QQWZ | |
| Invesco S&P 500 Momentum ETF | 0.75 | 0.75 | 0.75 | 68 | Momentum, S&P 500 | ASGM vs SPMO | |
| iShares U.S. Thematic Rotation Active ETF | 0.83 | 0.83 | 0.83 | 50 | Tactical Allocation | ASGM vs THRO | |
| Vanguard S&P 500 ETF | 0.84 | 0.84 | 0.84 | 59 | S&P 500 | ASGM vs VOO |
Diversification Analysis
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