Looking to balance out your exposure to ASM.TO? The ETFs below have the lowest correlation with ASM.TO — they tend to move on their own, which can help reduce risk when ASM.TO drops. The stock ideas table highlights individual companies that behave independently from ASM.TO.
No Diversifiers Found for ASM.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASM.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASM.TO and solid risk/return profiles. The least correlated is Pan American Silver Corp. (PAAS.TO) (Basic Materials) with a 1Y correlation of 0.70, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pan American Silver Corp. | 0.70 | 0.64 | 0.62 | 85 | Basic Materials |
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