Looking to balance out your exposure to ASXFY? The ETFs below have the lowest correlation with ASXFY — they tend to move on their own, which can help reduce risk when ASXFY drops. The stock ideas table highlights individual companies that behave independently from ASXFY.
Best Diversifiers for ASXFY
0 ETFs have low correlation with ASXFY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of 0.41, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.41 | 0.40 | 0.41 | 74 | S&P 500 | ASXFY vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASXFY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASXFY and solid risk/return profiles. The least correlated is ASE Technology Holding Co., Ltd. (ASX) (Technology) with a 1Y correlation of 0.25, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASE Technology Holding Co., Ltd. | 0.25 | 0.33 | 0.30 | 99 | Technology |
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