Looking to balance out your exposure to AUST? The ETFs below have the lowest correlation with AUST — they tend to move on their own, which can help reduce risk when AUST drops. The stock ideas table highlights individual companies that behave independently from AUST.
Best Diversifiers for AUST
1 ETFs have low correlation with AUST (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.24, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.24 | 0.14 | — | 74 | S&P 500 | AUST vs SPY |
Diversification Analysis
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