12 Stocks and 88 ETFs for diversifying CRPT (FIRST TRUST SKYBRIDGE CRYPTO INDUSTRY AND DIGITAL ECONOMY ETF)
The least correlated asset to CRPT (FIRST TRUST SKYBRIDGE CRYPTO INDUSTRY AND DIGITAL ECONOMY ETF) is company Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL). The correlation is -0.9595.
Stocks that lowly correlated with CRPT
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.96 |
| PXDT | Pixie Dust Technologies Inc | $8.62M | Technology | Consumer Electronics | -0.57 |
| AMRZ | Amrize Ltd | $29B | Basic Materials | Building Materials | -0.56 |
| JBS | JBS N.V. - Class A | $14B | Consumer Defensive | Packaged Foods | -0.56 |
| ASIC | Ategrity Specialty Holdings LLC | $969M | Financial Services | Insurance - Property & Casualty | -0.52 |
| PC | Premium Catering (Holdings) Ltd | $30M | Industrials | Specialty Business Services | -0.52 |
| JCAP | Jefferson Capital Inc | $950M | Financial Services | Credit Services | -0.51 |
| GLIBA | GCI Liberty Inc - Class A | $926M | Communication Services | Telecom Services | -0.50 |
| XHG | XChange TEC.Inc American Depositary Shares | $35B | Financial Services | Insurance Brokers | -0.48 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.47 |
| CMDB | Costamare Bulkers Holdings Ltd | $409M | Industrials | Marine Shipping | -0.45 |
| LINE | Lineage Inc | $9.85B | Real Estate | Reit - Industrial | -0.44 |