Looking to diversify beyond ASTX? The ETFs below have historically moved differently from ASTX, 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 ASTX
1101 ETFs have low correlation with ASTX (below 0.3), 82 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ASTX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | — | — | 61 | Cryptocurrency | ASTX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | ASTX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | ASTX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 75 | Derivative Income | ASTX vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASTX, 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 AST SpaceMobile, Inc. (ASTS) (Technology) with a 1Y correlation of 1.00, roughly unchanged from 1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 1.00 | 1.00 | 1.00 | 52 | Technology |
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