Looking to diversify beyond ASHR? The ETFs below have the lowest correlation with ASHR — 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 ASHR.
Best Diversifiers for ASHR
546 ETFs have low correlation with ASHR (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.17 | -0.14 | 61 | Leveraged Currency | ASHR vs YCS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.07 | 0.00 | 100 | Government Bonds, Ultrashort Bond | ASHR vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | ASHR vs USFR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.12 | -0.01 | -0.01 | 95 | Inflation-Protected Bonds | ASHR vs IBID | |
| iShares Diversified Commodity Swap UCITS ETF | -0.12 | -0.03 | — | 77 | Commodities | ASHR vs ISCMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASHR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASHR and solid risk/return profiles. The least correlated is United Parcel Service, Inc. (UPS) (Industrials) with a 1Y correlation of 0.17, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Parcel Service, Inc. | 0.17 | 0.19 | 0.21 | 56 | Industrials | |
| Installed Building Products, Inc. | 0.24 | 0.18 | 0.19 | 57 | Industrials | |
| China Yuchai International Limited | 0.26 | 0.16 | 0.19 | 88 | Industrials | |
| Baidu, Inc. | 0.47 | 0.54 | 0.56 | 62 | Communication Services | |
| Ping An Insurance Company of China | 0.56 | 0.63 | 0.63 | 64 | Financial Services |
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