Looking to diversify beyond ASMH? The ETFs below have historically moved differently from ASMH, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ASMH
657 ETFs have low correlation with ASMH (below 0.3), 147 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ASMH vs SBIT | |
| ProShares Short Bitcoin ETF | -0.29 | — | — | 61 | Cryptocurrency | ASMH vs BITI | |
| iShares U.S. Insurance ETF | -0.27 | — | — | 53 | Financials Equities | ASMH vs IAK | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 61 | Inverse Equities, Leveraged Equities | ASMH vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 52 | Inverse Equities | ASMH vs SMST |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASMH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.36 | — | — | 93 | Technology | |
| Sandisk Corporation | 0.48 | 0.45 | 0.45 | 100 | Technology | |
| ASML Holding N.V. | 0.99 | 0.98 | 0.98 | 96 | Technology |
Build a portfolio that complements ASMH
Add ASMH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ASMH