Looking to balance out your exposure to ASML? The ETFs below have the lowest correlation with ASML — they tend to move on their own, which can help reduce risk when ASML drops. The stock ideas table highlights individual companies that behave independently from ASML.
Best Diversifiers for ASML
51 ETFs have low correlation with ASML (below 0.3), 13 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | -0.09 | 0.01 | 66 | Oil & Gas | ASML vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.28 | -0.05 | 0.04 | 54 | Leveraged Commodities | ASML vs UCO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | 0.01 | 0.08 | 74 | Commodities | ASML vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.19 | 0.02 | 0.09 | 75 | Commodities | ASML vs DBC | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.15 | -0.03 | 0.07 | 93 | Inflation-Protected Bonds | ASML vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASML, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASML and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.22, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.22 | -0.03 | 0.09 | 69 | Energy | |
| Altria Group, Inc. | -0.22 | -0.12 | -0.02 | 69 | Consumer Defensive | |
| Apache Corporation | -0.21 | -0.01 | 0.14 | 90 | Energy | |
| ConocoPhillips Company | -0.20 | -0.02 | 0.10 | 76 | Energy | |
| Chubb Limited | -0.19 | -0.07 | 0.09 | 51 | Financial Services |
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