Looking to diversify beyond ASMF? The ETFs below have the lowest correlation with ASMF — 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 ASMF.
Best Diversifiers for ASMF
575 ETFs have low correlation with ASMF (below 0.3), 85 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.28, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ASMF vs SBIT | |
| ProShares Short Bitcoin ETF | -0.28 | -0.26 | -0.26 | 57 | Cryptocurrency | ASMF vs BITI | |
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.19 | -0.19 | 51 | Currency | ASMF vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.19 | -0.19 | -0.19 | 60 | Inverse Equities | ASMF vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.19 | — | — | 70 | Derivative Income | ASMF vs WNTR |
See all 2049 diversifiers for ASMF
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