Looking to balance out your exposure to ASR? The ETFs below have the lowest correlation with ASR — they tend to move on their own, which can help reduce risk when ASR drops. The stock ideas table highlights individual companies that behave independently from ASR.
Best Diversifiers for ASR
2 ETFs have low correlation with ASR (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.18, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.18 | -0.04 | -0.04 | 100 | Ultrashort Bond | ASR vs SGOV | |
| iShares Silver Trust | 0.24 | 0.23 | 0.21 | 51 | Silver, Precious Metals | ASR vs SLV | |
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.30 | 0.30 | — | 52 | Gold | ASR vs GDE | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.36 | 0.40 | 74 | S&P 500 | ASR vs SPY | |
| Vanguard S&P 500 ETF | 0.34 | 0.36 | 0.40 | 74 | S&P 500 | ASR vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASR and solid risk/return profiles. The least correlated is Woodside Energy Group Ltd (WDS) (Energy) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Woodside Energy Group Ltd | -0.04 | 0.12 | 0.17 | 86 | Energy | |
| Walmart Inc. | -0.02 | 0.09 | 0.11 | 66 | Consumer Defensive | |
| Palo Alto Networks, Inc. | -0.01 | 0.07 | 0.15 | 69 | Technology | |
| Datadog, Inc. | 0.04 | 0.16 | 0.23 | 80 | Technology | |
| Lockheed Martin Corporation | 0.06 | 0.05 | 0.09 | 51 | Industrials |
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Build a portfolio that complements ASR
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