Looking to balance out your exposure to ASIC? The ETFs below have the lowest correlation with ASIC — they tend to move on their own, which can help reduce risk when ASIC drops. The stock ideas table highlights individual companies that behave independently from ASIC.
Best Diversifiers for ASIC
1 ETFs have low correlation with ASIC (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.06 | — | — | 66 | S&P 500 | ASIC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASIC and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IES Holdings, Inc. | -0.06 | — | — | 84 | Industrials | |
| Caterpillar Inc. | -0.02 | — | — | 96 | Industrials | |
| Chevron Corporation | -0.02 | — | — | 74 | Energy | |
| NVIDIA Corporation | -0.01 | — | — | 63 | Technology | |
| Cisco Systems, Inc. | -0.01 | — | — | 91 | Technology |
See all 28 low-correlation stocks for ASIC
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Diversification Analysis
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