Looking to balance out your exposure to ASPI? The ETFs below have the lowest correlation with ASPI — they tend to move on their own, which can help reduce risk when ASPI drops. The stock ideas table highlights individual companies that behave independently from ASPI.
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 0.41, up from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.33 | 0.26 | 74 | S&P 500 | ASPI vs SPY | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.45 | 0.26 | 0.22 | 86 | Materials | ASPI vs REMX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASPI and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.07 | 0.07 | 0.05 | 66 | Consumer Defensive | |
| Catalyst Pharmaceuticals, Inc. | 0.12 | 0.15 | 0.14 | 60 | Healthcare | |
| Kenon Holdings Ltd. | 0.18 | 0.15 | 0.12 | 94 | Utilities | |
| Baidu, Inc. | 0.20 | 0.17 | — | 73 | Communication Services | |
| DigitalOcean Holdings, Inc. | 0.22 | 0.18 | — | 98 | Technology |
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