Looking to diversify beyond ASMH? The ETFs below have the lowest correlation with ASMH — 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 ASMH.
Best Diversifiers for ASMH
458 ETFs have low correlation with ASMH (below 0.3), 77 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.29 | — | — | 95 | Inflation-Protected Bonds | ASMH vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | ASMH vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | ASMH vs RBIL | |
| Texas Capital Government Money Market ETF | -0.19 | — | — | 100 | Money Market | ASMH vs MMKT | |
| Invesco PureBeta 0-5 Yr US TIPS ETF | -0.18 | — | — | 82 | Inflation-Protected Bonds | ASMH vs PBTP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASMH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASMH and solid risk/return profiles. The least correlated is Applied Optoelectronics, Inc. (AAOI) (Technology) with a 1Y correlation of 0.31, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.31 | 0.33 | 0.33 | 96 | Technology | |
| Sandisk Corporation | 0.39 | 0.39 | 0.39 | 100 | Technology | |
| ASML Holding N.V. | 0.98 | — | — | 96 | Technology |
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