Looking to balance out your exposure to ASRT? The ETFs below have the lowest correlation with ASRT — they tend to move on their own, which can help reduce risk when ASRT drops. The stock ideas table highlights individual companies that behave independently from ASRT.
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 0.20, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.20 | 0.27 | 0.29 | 74 | S&P 500 | ASRT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASRT and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.04 | 0.03 | 0.03 | 57 | Consumer Defensive | |
| Energy Transfer LP | 0.04 | 0.12 | 0.18 | 74 | Energy | |
| NIO Inc. | 0.06 | 0.21 | 0.24 | 65 | Consumer Cyclical | |
| UnitedHealth Group Incorporated | 0.09 | 0.02 | 0.06 | 66 | Healthcare | |
| PulteGroup, Inc. | 0.15 | 0.20 | 0.19 | 56 | Consumer Cyclical |
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