Looking to balance out your exposure to ASMIY? The ETFs below have the lowest correlation with ASMIY — they tend to move on their own, which can help reduce risk when ASMIY drops. The stock ideas table highlights individual companies that behave independently from ASMIY.
No Diversifiers Found for ASMIY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASMIY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASMIY and solid risk/return profiles. The least correlated is TCL Electronics Holdings Limited (TCLHF) (Technology) 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 |
|---|---|---|---|---|---|---|
| TCL Electronics Holdings Limited | -0.06 | -0.03 | 0.03 | 67 | Technology | |
| Arista Networks, Inc. | 0.34 | 0.41 | 0.44 | 79 | Technology | |
| Cadence Design Systems, Inc. | 0.40 | 0.49 | 0.53 | 68 | Technology | |
| Disco Corp ADR | 0.44 | 0.38 | 0.40 | 81 | Technology | |
| Fabrinet | 0.44 | 0.46 | 0.44 | 93 | Technology |
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