Looking to balance out your exposure to ASPN? The ETFs below have the lowest correlation with ASPN — they tend to move on their own, which can help reduce risk when ASPN drops. The stock ideas table highlights individual companies that behave independently from ASPN.
Best Diversifiers for ASPN
0 ETFs have low correlation with ASPN (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 0.35, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.43 | 0.50 | 70 | S&P 500 | ASPN vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.43 | 0.50 | 70 | S&P 500 | ASPN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASPN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASPN and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.03 | 0.07 | 0.07 | 62 | Healthcare | |
| Vista Oil & Gas, S.A.B. de C.V. | 0.08 | 0.16 | 0.21 | 68 | Energy | |
| Broadcom Inc. | 0.10 | 0.24 | 0.32 | 84 | Technology | |
| Crescent Energy Company | 0.13 | 0.23 | — | 66 | Utilities | |
| Oscar Health, Inc. | 0.14 | 0.28 | 0.36 | 59 | Healthcare |
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