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 Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.32, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.32 | 0.35 | 0.45 | 57 | Nasdaq-100 | ASH vs QQQ | |
| VanEck Semiconductor ETF | 0.33 | 0.34 | 0.42 | 93 | Semiconductors, Technology Equities | ASH vs SMH | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.47 | 0.55 | 63 | S&P 500 | ASH vs SPY | |
| Vanguard S&P 500 ETF | 0.43 | 0.47 | 0.55 | 64 | S&P 500 | ASH vs VOO |
Diversification Analysis
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