Looking to balance out your exposure to ASM? The ETFs below have the lowest correlation with ASM — they tend to move on their own, which can help reduce risk when ASM drops. The stock ideas table highlights individual companies that behave independently from ASM.
Best Diversifiers for ASM
0 ETFs have low correlation with ASM (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.36 | 0.26 | 0.27 | 76 | Technology Equities | ASM vs VGT | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.30 | 0.29 | 74 | S&P 500 | ASM vs SPY | |
| iShares Silver Trust | 0.64 | 0.61 | 0.62 | 51 | Silver, Precious Metals | ASM vs SLV | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.77 | 0.73 | 0.73 | 57 | Silver, Precious Metals | ASM vs SLVP | |
| Amplify Junior Silver Miners ETF | 0.80 | 0.75 | 0.74 | 55 | Silver, Commodity Producers Equities, Precious Metals | ASM vs SILJ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASM and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.06 | 0.01 | 0.03 | 81 | Consumer Defensive | |
| Cardinal Health, Inc. | 0.05 | 0.05 | 0.09 | 73 | Healthcare | |
| Eli Lilly and Company | 0.07 | 0.07 | 0.07 | 75 | Healthcare | |
| Axos Financial, Inc. | 0.07 | 0.10 | 0.13 | 64 | Financial Services | |
| Reddit, Inc. | 0.08 | — | — | 64 | Communication Services |
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