Looking to diversify beyond ASHS? The ETFs below have the lowest correlation with ASHS — 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 ASHS.
Best Diversifiers for ASHS
865 ETFs have low correlation with ASHS (below 0.3), 62 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.25, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.25 | -0.28 | 51 | Currency | ASHS vs UUP | |
| ProShares Short Bitcoin ETF | -0.24 | -0.15 | -0.18 | 57 | Cryptocurrency | ASHS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.19 | -0.19 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ASHS vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.19 | -0.19 | -0.19 | 53 | Inverse Equities | ASHS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | -0.19 | -0.19 | 68 | Inverse Equities, Leveraged Equities | ASHS vs MSTZ |
See all 2061 diversifiers for ASHS
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