Looking to balance out your exposure to ASRT? The ETFs below have historically moved differently from ASRT, 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 ASRT
1 ETFs have low correlation with ASRT (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 0.18, down from 0.29 over 5 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 | 0.18 | 0.26 | 0.29 | 67 | S&P 500 | ASRT vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASRT, 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 Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.11 | -0.02 | 0.02 | 59 | Consumer Defensive | |
| PepsiCo, Inc. | -0.09 | 0.02 | 0.04 | 50 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.08 | 0.09 | 0.16 | 61 | Financial Services | |
| Philip Morris International Inc. | 0.00 | 0.08 | 0.07 | 66 | Consumer Defensive | |
| Energy Transfer LP | 0.07 | 0.11 | 0.17 | 81 | Energy |
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