Looking to diversify beyond ASTX? The ETFs below have the lowest correlation with ASTX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ASTX.
Best Diversifiers for ASTX
960 ETFs have low correlation with ASTX (below 0.3), 82 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ASTX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.31 | -0.31 | -0.31 | 57 | Cryptocurrency | ASTX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.29 | -0.29 | 68 | Inverse Equities, Leveraged Equities | ASTX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | -0.27 | -0.27 | 70 | Derivative Income | ASTX vs WNTR | |
| FlexShares Ultra-Short Income ETF | -0.16 | -0.16 | -0.16 | 99 | Ultrashort Bond | ASTX vs RAVI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASTX and solid risk/return profiles. The least correlated is AST SpaceMobile, Inc. (ASTS) (Technology) with a 1Y correlation of 1.00, roughly unchanged from 1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 1.00 | 1.00 | 1.00 | 65 | Technology |
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