Looking to balance out your exposure to ASH? The ETFs below have the lowest correlation with ASH — they tend to move on their own, which can help reduce risk when ASH drops. The stock ideas table highlights individual companies that behave independently from ASH.
Best Diversifiers for ASH
0 ETFs have low correlation with ASH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Growth ETF (IVW) (Large Cap Growth Equities) with a 1Y correlation of 0.30, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Growth ETF | 0.30 | 0.33 | 0.45 | 59 | Large Cap Growth Equities, S&P 500 | ASH vs IVW | |
| Invesco QQQ ETF | 0.34 | 0.34 | 0.44 | 74 | Nasdaq-100 | ASH vs QQQ | |
| VanEck Semiconductor ETF | 0.34 | 0.33 | 0.41 | 96 | Semiconductors, Technology Equities | ASH vs SMH | |
| Vanguard S&P 500 ETF | 0.44 | 0.46 | 0.55 | 74 | S&P 500 | ASH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.46 | 0.55 | 74 | S&P 500 | ASH vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASH and solid risk/return profiles. The least correlated is Olin Corporation (OLN) (Basic Materials) with a 1Y correlation of 0.56, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Olin Corporation | 0.56 | 0.58 | 0.58 | 58 | Basic Materials |
Build a portfolio that complements ASH
Add ASH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ASH