Looking to balance out your exposure to ASTE? The ETFs below have the lowest correlation with ASTE — they tend to move on their own, which can help reduce risk when ASTE drops. The stock ideas table highlights individual companies that behave independently from ASTE.
Best Diversifiers for ASTE
0 ETFs have low correlation with ASTE (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 0.49, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.49 | 0.47 | 0.52 | 74 | S&P 500 | ASTE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASTE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASTE and solid risk/return profiles. The least correlated is BP p.l.c. (BP) (Energy) with a 1Y correlation of 0.00, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | 0.00 | 0.17 | 0.27 | 89 | Energy | |
| Walmart Inc. | 0.11 | 0.11 | 0.18 | 66 | Consumer Defensive | |
| AstraZeneca PLC | 0.18 | 0.13 | 0.13 | 73 | Healthcare | |
| REV Group, Inc. | 0.42 | 0.50 | 0.55 | 82 | Industrials | |
| Blue Bird Corporation | 0.43 | 0.41 | 0.40 | 86 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ASTE
Add ASTE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ASTE