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
95 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 -0.13, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.07 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ASTS vs BIL | |
| Invesco DB US Dollar Index Bullish Fund | -0.12 | -0.13 | -0.13 | 50 | Currency | ASTS vs UUP | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.06 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ASTS vs USFR | |
| Vanguard Ultra-Short Treasury ETF | -0.10 | — | — | 99 | Ultrashort Bond, Government Bonds | ASTS vs VGUS | |
| iShares 0-1 Year Treasury Bond ETF | -0.09 | -0.02 | -0.00 | 100 | Government Bonds, Ultrashort Bond | ASTS vs SHV |
To view more results, upgrade your current subscription plan.
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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.15 | 0.02 | 0.06 | 66 | Consumer Defensive | |
| Chubb Limited | -0.14 | -0.04 | 0.03 | 83 | Financial Services | |
| The Coca-Cola Company | -0.14 | -0.05 | 0.01 | 82 | Consumer Defensive | |
| Altria Group, Inc. | -0.11 | -0.01 | 0.03 | 80 | Consumer Defensive | |
| Duke Energy Corporation | -0.10 | -0.03 | -0.01 | 64 | Utilities |
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