Looking to diversify beyond ASMG? The ETFs below have the lowest correlation with ASMG — 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 ASMG.
Best Diversifiers for ASMG
548 ETFs have low correlation with ASMG (below 0.3), 110 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.29 | -0.29 | 57 | Cryptocurrency | ASMG vs BITI | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | — | — | 51 | Currency | ASMG vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ASMG vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | -0.29 | -0.29 | 53 | Inverse Equities | ASMG vs SMST | |
| Invesco DB Energy Fund | -0.24 | — | — | 53 | Oil & Gas | ASMG vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASMG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASMG and solid risk/return profiles. The least correlated is Nebius Group N.V. (NBIS) (Communication Services) with a 1Y correlation of 0.39, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | 0.39 | 0.43 | 0.43 | 96 | Communication Services | |
| Sandisk Corporation | 0.43 | 0.43 | 0.43 | 100 | Technology | |
| ASML Holding N.V. | 1.00 | — | — | 94 | Technology |
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