Looking to diversify beyond ASMU? The ETFs below have the lowest correlation with ASMU — 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 ASMU.
Best Diversifiers for ASMU
333 ETFs have low correlation with ASMU (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Ultra Oil & Gas (DIG) (Leveraged Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Oil & Gas | -0.28 | -0.28 | -0.28 | 53 | Leveraged Equities | ASMU vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.28 | -0.28 | -0.28 | 54 | Leveraged Equities | ASMU vs ERX | |
| Fidelity MSCI Energy Index ETF | -0.28 | -0.28 | -0.28 | 60 | Energy Equities | ASMU vs FENY | |
| iShares U.S. Energy ETF | -0.27 | -0.27 | -0.27 | 60 | Energy Equities | ASMU vs IYE | |
| VanEck Energy Income ETF | -0.27 | -0.27 | -0.27 | 82 | Energy Equities | ASMU vs EINC |
See all 1986 diversifiers for ASMU
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