Looking to balance out your exposure to ASH? The ETFs below have historically moved differently from ASH, 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 ASH
0 ETFs have low correlation with ASH (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.34, roughly unchanged from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.34 | 0.34 | 0.42 | 87 | Semiconductors, Technology Equities | ASH vs SMH | |
| Vanguard S&P 500 ETF | 0.43 | 0.47 | 0.55 | 61 | S&P 500 | ASH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.47 | 0.55 | 61 | S&P 500 | ASH vs SPY | |
| Vanguard S&P Mid-Cap 400 ETF | 0.61 | 0.63 | 0.66 | 59 | Mid Cap Blend Equities | ASH vs IVOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASH, 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 Costco Wholesale Corporation (COST) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Costco Wholesale Corporation | -0.05 | 0.13 | 0.24 | 50 | Consumer Defensive | |
| Balchem Corporation | 0.30 | 0.41 | 0.47 | 60 | Basic Materials | |
| Olin Corporation | 0.42 | 0.55 | 0.55 | 50 | Basic Materials |
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