Looking to balance out your exposure to ASX? The ETFs below have historically moved differently from ASX, 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 ASX
2 ETFs have low correlation with ASX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Switzerland ETF (EWL) (Europe Equities) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Switzerland ETF | 0.25 | 0.32 | 0.37 | 54 | Europe Equities | ASX vs EWL | |
| iShares MSCI Spain ETF | 0.29 | 0.33 | 0.38 | 88 | Europe Equities | ASX vs EWP | |
| Vanguard S&P 500 ETF | 0.54 | 0.61 | 0.60 | 68 | S&P 500 | ASX vs VOO | |
| iShares MSCI South Korea ETF | 0.60 | 0.57 | 0.59 | 86 | South Korea Equities, Asia Pacific Equities | ASX vs EWY | |
| iShares Future AI & Tech ETF | 0.71 | 0.71 | 0.69 | 60 | Artificial Intelligence, Technology Equities | ASX vs ARTY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.21, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.21 | 0.04 | 0.18 | 61 | Financial Services | |
| Plains All American Pipeline, L.P. | -0.21 | 0.09 | 0.17 | 93 | Energy | |
| McKesson Corporation | -0.20 | -0.13 | -0.02 | 67 | Healthcare | |
| Unum Group | -0.18 | 0.02 | 0.15 | 75 | Financial Services | |
| Omega Healthcare Investors, Inc. | -0.14 | -0.02 | 0.08 | 90 | Real Estate |
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