Looking to balance out your exposure to ASO? The ETFs below have the lowest correlation with ASO — they tend to move on their own, which can help reduce risk when ASO drops. The stock ideas table highlights individual companies that behave independently from ASO.
Best Diversifiers for ASO
0 ETFs have low correlation with ASO (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.30, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.38 | 0.46 | 91 | Dividend | ASO vs SCHD | |
| Vanguard S&P 500 ETF | 0.33 | 0.39 | 0.47 | 66 | S&P 500 | ASO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.39 | 0.47 | 65 | S&P 500 | ASO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASO and solid risk/return profiles. The least correlated is Archer-Daniels-Midland Company (ADM) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Company | -0.03 | 0.11 | 0.18 | 92 | Consumer Defensive | |
| Verizon Communications Inc. | -0.01 | 0.05 | 0.08 | 61 | Communication Services | |
| Colgate-Palmolive Company | 0.02 | 0.07 | 0.10 | 56 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.08 | 0.18 | 0.27 | 53 | Financial Services | |
| UnitedHealth Group Incorporated | 0.16 | 0.05 | 0.12 | 77 | Healthcare |
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