Looking to balance out your exposure to ASTS? The ETFs below have historically moved differently from ASTS, 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 ASTS
112 ETFs have low correlation with ASTS (below 0.3), 15 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.07 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ASTS vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.06 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ASTS vs USFR | |
| iShares U.S. Insurance ETF | -0.09 | 0.03 | 0.12 | 60 | Financials Equities | ASTS vs IAK | |
| Vanguard Ultra-Short Treasury ETF | -0.08 | — | — | 100 | Ultrashort Bond, Government Bonds | ASTS vs VGUS | |
| iShares 0-1 Year Treasury Bond ETF | -0.07 | -0.01 | 0.00 | 100 | Government Bonds, Ultrashort Bond | ASTS vs SHV |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASTS, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.17 | -0.06 | 0.01 | 90 | Consumer Defensive | |
| Costco Wholesale Corporation | -0.16 | 0.05 | 0.12 | 51 | Consumer Defensive | |
| Walmart Inc. | -0.15 | 0.01 | 0.06 | 66 | Consumer Defensive | |
| Philip Morris International Inc. | -0.15 | 0.01 | 0.03 | 72 | Consumer Defensive | |
| Chubb Limited | -0.13 | -0.04 | 0.03 | 91 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ASTS
Add ASTS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ASTS