Looking to balance out your exposure to ASTS? The ETFs below have the lowest correlation with ASTS — they tend to move on their own, which can help reduce risk when ASTS drops. The stock ideas table highlights individual companies that behave independently from ASTS.
Best Diversifiers for ASTS
102 ETFs have low correlation with ASTS (below 0.3), 7 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ASTS vs USFR | |
| iShares 0-5 Year TIPS Bond ETF | -0.04 | 0.00 | 0.02 | 93 | Inflation-Protected Bonds | ASTS vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.01 | 0.03 | 93 | Inflation-Protected Bonds | ASTS vs VTIP | |
| Vanguard Short-Term Treasury ETF | -0.02 | -0.02 | -0.01 | 83 | Government Bonds, Short-Term Bond | ASTS vs VGSH | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | ASTS vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASTS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASTS and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.16 | -0.02 | 0.05 | 57 | Financial Services | |
| Walmart Inc. | -0.14 | 0.02 | 0.07 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | -0.04 | 0.01 | 62 | Consumer Defensive | |
| Duke Energy Corporation | -0.11 | -0.02 | -0.01 | 57 | Utilities | |
| Johnson & Johnson | -0.11 | -0.02 | -0.01 | 94 | Healthcare |
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Build a portfolio that complements ASTS
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