13 Stocks and 87 ETFs for diversifying ARVR (FIRST TRUST INDXX METAVERSE ETF)
The least correlated asset to ARVR (FIRST TRUST INDXX METAVERSE ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.
Stocks that lowly correlated with ARVR
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.65 |
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.56 |
| WSBK | Winchester Bancorp Inc | $121M | Financial Services | Banks - Regional | -0.54 |
| FLAC | Frazier Lifesciences Acquisition Corp - Class A | $175M | N/A | N/A | -0.48 |
| GSRM | Bitcoin Depot Inc - Class A | $54M | N/A | N/A | -0.47 |
| RNERU | Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt) | $125M | N/A | N/A | -0.45 |
| AVBC | Avidia Bancorp Inc | $407M | Financial Services | Banks - Regional | -0.45 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.45 |
| GLIBK | GCI Liberty Inc | $877M | Communication Services | Telecom Services | -0.44 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.43 |
| AKUS | Akouos Inc | $490M | N/A | N/A | -0.43 |
| APADU | A Paradise Acquisition Corp Unit | $67M | Financial Services | Shell Companies | -0.42 |
| VCKAU | Scilex Holding Company - Units (1 Ord & 1/2 War) | $37M | N/A | N/A | -0.42 |