Looking to balance out your exposure to ASPI? The ETFs below have historically moved differently from ASPI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ASPI
0 ETFs have low correlation with ASPI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.46, roughly unchanged from 0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.46 | 0.36 | — | 67 | S&P 500 | ASPI vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASPI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.04 | 0.03 | 62 | Consumer Defensive | |
| Kenon Holdings Ltd. | 0.22 | 0.18 | 0.14 | 75 | Utilities | |
| Baidu, Inc. | 0.24 | 0.20 | 0.14 | 61 | Communication Services | |
| DigitalOcean Holdings, Inc. | 0.25 | 0.21 | — | 97 | Technology | |
| Hycroft Mining Holding Corporation | 0.36 | 0.22 | 0.20 | 97 | Basic Materials |
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