Looking to balance out your exposure to ASYS? The ETFs below have the lowest correlation with ASYS — they tend to move on their own, which can help reduce risk when ASYS drops. The stock ideas table highlights individual companies that behave independently from ASYS.
No Diversifiers Found for ASYS
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASYS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASYS and solid risk/return profiles. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | 0.22 | 0.21 | 0.28 | 99 | Technology | |
| Micron Technology, Inc. | 0.24 | 0.23 | 0.28 | 99 | Technology | |
| Viavi Solutions Inc. | 0.33 | 0.24 | 0.29 | 99 | Technology | |
| ASE Technology Holding Co., Ltd. | 0.35 | 0.29 | 0.34 | 99 | Technology |
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