73 Stocks and 27 ETFs for diversifying ARB (ALTSHARES MERGER ARBITRAGE ETF)
The least correlated asset to ARB (ALTSHARES MERGER ARBITRAGE ETF) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.
Stocks that lowly correlated with ARB
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| HBNB | Hotel101 Global Holdings Corp | $1.36B | Real Estate | Real Estate Services | -0.86 |
| NPAC | New Providence Acquisition Corp III - Class A | $397M | Financial Services | Shell Companies | -0.73 |
| SLDE | Slide Insurance Holdings Inc | $2.20B | Financial Services | Insurance - Property & Casualty | -0.66 |
| PTLE | PTL Ltd | $70M | Consumer Cyclical | Specialty Retail | -0.61 |
| MRT | MedEquities Realty Trust Inc | $146M | Technology | Software - Application | -0.57 |
| GIBO | GIBO Holdings Ltd | $42M | Communication Services | Internet Content & Information | -0.52 |
| DAAQ | Digital Asset Acquisition Corp - Class A | $178M | Financial Services | Shell Companies | -0.52 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.51 |
| CHPG | ChampionsGate Acquisition Corp - Class A | $77M | Financial Services | Shell Companies | -0.50 |
| FTRK | Fast Track Group. | $8.26M | Communication Services | Entertainment | -0.49 |
| EDHL | Everbright Digital Holding Ltd | $4.80M | Communication Services | Advertising Agencies | -0.47 |
| PLMK | Plum Acquisition Corp IV - Class A | $197M | Financial Services | Shell Companies | -0.46 |
| SCAG | Scage Future | $38M | Industrials | Farm & Heavy Construction Machinery | -0.44 |
| AIRJW | Montana Technologies Corp Wt Exp | $1.88M | N/A | N/A | -0.43 |
| SPKLU | Spark I Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $81M | Financial Services | Shell Companies | -0.42 |
| WFF | WF Holding Ltd | $10M | Industrials | Specialty Industrial Machinery | -0.42 |
| NOEM | CO2 Energy Transition Corp | $72M | Financial Services | Shell Companies | -0.42 |
| GENQU | ESGL Holdings Ltd - Units (1 Ord Share Class A & 1 War) | $99M | N/A | N/A | -0.42 |
| SMXT | SolarMax Technology Inc | $31M | Technology | Solar | -0.41 |
| ORIS | Oriental Rise Holdings Ltd | $2.35M | Consumer Defensive | Packaged Foods | -0.41 |
| JMACU | Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War) | $150M | N/A | N/A | -0.41 |
| SDHI | Siddhi Acquisition Corp - Class A | $287M | Financial Services | Shell Companies | -0.40 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.40 |
| GELS | Gelteq Ltd | $4.41M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.39 |
| JCAP | Jefferson Capital Inc | $950M | Financial Services | Credit Services | -0.39 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.39 |
| TVAIU | Thayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts) | $10M | Financial Services | Shell Companies | -0.38 |
| TE-WS | T1 Energy Inc Wt Exp | $636M | N/A | N/A | -0.38 |
| COLAR | Columbus Acquisition Corp Rights | $1.07M | N/A | N/A | -0.38 |
| SHMD | SCHMID Group N.V. - Class A | $300M | Industrials | Specialty Industrial Machinery | -0.38 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.38 |
| CGTL | Creative Global Technology Holdings Ltd | $6.55M | Consumer Cyclical | Specialty Retail | -0.38 |
| LITTU | Logistics Innovation Technologies Corp - Units (1 Ord Share Class A & 1/3 War) | $349M | N/A | N/A | -0.37 |
| DTI | Drilling Tools International Corporation Common Stock | $102M | N/A | N/A | -0.37 |
| AACBU | Artius II Acquisition Inc - Units (1 Ord Shs & 1 Rts) | $233M | Financial Services | Shell Companies | -0.37 |
| DRDB | Roman DBDR Acquisition Corp II | $242M | Financial Services | Shell Companies | -0.36 |
| ALF | Centurion Acquisition Corp - Class A | $313M | Financial Services | Shell Companies | -0.36 |
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.35 |
| NAMM | Namib Minerals. | $77M | Basic Materials | Gold | -0.35 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.35 |
| CUB | Lionheart Holdings - Class A | $249M | Financial Services | Shell Companies | -0.35 |
| USGO | U.S. GoldMining Inc | $138M | Basic Materials | Other Industrial Metals & Mining | -0.34 |
| OMH | Ohmyhome Ltd | $24M | Real Estate | Real Estate Services | -0.34 |
| JUGGU | Jaws Juggernaut Acquisition Corp - Units (1 Ord Share Class A & 1/4 War) | $285M | N/A | N/A | -0.34 |
| CGCT | Cartesian Growth Corp III - Class A | $283M | Financial Services | Shell Companies | -0.34 |
| HDL | Super Hi International Holding Ltd | $782M | Consumer Cyclical | Restaurants | -0.34 |
| AZTR | Azitra Inc | $3.32M | Healthcare | Biotechnology | -0.34 |
| GRDN | Guardian Pharmacy Services Inc | $2.49B | Healthcare | Medical Care Facilities | -0.33 |
| DXYZ | Destiny Tech100 Inc | $629M | Financial Services | Asset Management | -0.33 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.33 |
| IPCX | Inflection Point Acquisition Corp III - Class A | $261M | Financial Services | Shell Companies | -0.33 |
| ZENA | ZenaTech Inc | $97M | Technology | Software - Infrastructure | -0.33 |
| AGFS | AgroFresh Solutions Inc | $157M | N/A | N/A | -0.33 |
| NUKKW | Nukkleus Inc - Warrants (22/12/2028) | $1.41B | N/A | N/A | -0.32 |
| SDHIR | Siddhi Acquisition Corp | $1.38M | N/A | N/A | -0.32 |
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.32 |
| MWYN | Marwynn Holdings Inc | $17M | Consumer Cyclical | Furnishings, Fixtures & Appliances | -0.32 |
| SXTP | 60 Degrees Pharmaceuticals Inc | $3.72M | Healthcare | Biotechnology | -0.32 |
| TACHU | Titan Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $691M | Financial Services | Shell Companies | -0.32 |
| RAL | Ralliant Corporation | $6.99B | N/A | N/A | -0.32 |
| KGEI | Kolibri Global Energy Inc | $182M | Energy | Oil & Gas E&p | -0.31 |
| HPLTU | Home Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $79M | N/A | N/A | -0.31 |
| DTSQ | DT Cloud Star Acquisition Corp | $70M | Financial Services | Shell Companies | -0.31 |
| SIMAU | SIM Acquisition Corp I | $251M | Financial Services | Shell Companies | -0.31 |
| DTSQU | DT Cloud Star Acquisition Corp - Units (1Ord & 1 Rts) | $75M | Financial Services | Shell Companies | -0.31 |
| UNCY | Unicycive Therapeutics Inc | $178M | Healthcare | Biotechnology | -0.31 |
| FSHP | Flag Ship Acquisition Corp | $58M | Financial Services | Shell Companies | -0.31 |
| BOWN | Bowen Acquisition Corp | $21M | Financial Services | Shell Companies | -0.31 |
| TVACW | Texas Ventures Acquisition III Corp - Warrants (23/04/2030) | $153M | N/A | N/A | -0.30 |
| XCH | XCHG Ltd | $1.46B | Industrials | Specialty Industrial Machinery | -0.30 |
| LRE | Lead Real Estate Co Ltd | $18M | Real Estate | Real Estate - Development | -0.30 |
| CEPT | Cantor Equity Partners II Inc - Class A | $284M | Financial Services | Shell Companies | -0.30 |
| RDZN | Roadzen Inc | $149M | Technology | Software - Application | -0.30 |