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OverviewPerformanceDividendsCorrelations
High CorrelationLow Correlation

43 Stocks and 57 ETFs for diversifying FIAX (NICHOLAS FIXED INCOME ALTERNATIVE ETF)

The least correlated asset to FIAX (NICHOLAS FIXED INCOME ALTERNATIVE ETF) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with FIAX

SymbolName
Market cap
SectorIndustry
Correlation
FRBNUForbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$316MN/AN/A-0.84
DLCAUDeep Lake Capital Acquisition Corp - Units (1 Ord Class A & 1/2 War)$262MN/AN/A-0.81
CPAAConyers Park III Acquisition Corp - Class A$367MN/AN/A-0.76
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.76
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.64
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.64
INKANear Intelligence Inc - Class A$190MN/AN/A-0.64
TANNITravelCenters of America Inc$368MN/AN/A-0.63
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.62
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.61
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.60
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.57
TANNLTravelCenters of America Inc$364MN/AN/A-0.56
ZINGUFTAC Zeus Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$587MN/AN/A-0.55
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.54
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.54
CRVOCervoMed Inc$28MHealthcareBiotechnology-0.53
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.53
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.52
RXDXPrometheus Biosciences Inc$9.49BN/AN/A-0.52
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.52
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.51
ALORALSP Orchid Acquisition Corp I - Class A$22MN/AN/A-0.49
APRNBlue Apron Holdings Inc - Class A$100MN/AN/A-0.49
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.49
HPLTUHome Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War)$79MN/AN/A-0.49
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.49
ANNAAleAnna Inc - Class A$122MEnergyOil & Gas E&p-0.48
DFDVDeFi Development Corp$127MFinancial ServicesAsset Management-0.48
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.48
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.48
DMDesktop Metal Inc - Class A$165MN/AN/A-0.47
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.47
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.46
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.46
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.45
PRAProassurance Corporation$1.26BFinancial ServicesInsurance - Property & Casualty-0.44
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.44
ATPCAgape ATP Corp$2.85MConsumer DefensivePackaged Foods-0.43
YHGJYunhong Green CTI Ltd$8.93MConsumer CyclicalPackaging & Containers-0.41
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.41
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.41
PLMIUPlum Acquisition Corp I - Units (1 Ord Share Class A & 1/5 War)$232MN/AN/A-0.40

ETFs that lowly correlated with FIAX

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.79
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.76
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.72
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.67
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.67
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.66
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.64
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.64
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.64
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.63
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.63
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.63
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.63
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.62
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.62
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.62
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.62
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.61
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.59
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.58
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.58
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.56
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.56
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.55
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.55
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.55
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.55
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.54
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.54
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.53
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.53
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.53
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.52
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.52
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.52
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.51
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.50
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.50
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.50
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.49
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.49
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.47
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.47
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.45
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.44
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.44
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.44
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.43
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.43
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.43
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.42
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.42
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.41
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.41
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.41