15 Stocks and 85 ETFs for diversifying FRA (Blackrock Floating Rate Income Strategies Fund)
The least correlated asset to FRA (Blackrock Floating Rate Income Strategies Fund) is ETF SEF (ProShares Short Financials -1x Shares). The correlation is -0.8129.
Stocks that lowly correlated with FRA
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ORIQU | Origin Investment Corp I - Units (1 Ord Cls & 1/2 War) | $22M | Financial Services | Shell Companies | -0.63 |
| OFSSO | OFS Capital Corp | $341M | N/A | N/A | -0.58 |
| BDMD | Baird Medical Investment Holdings Ltd . | $34M | Healthcare | Medical Devices | -0.55 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.53 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.51 |
| MAGH | Magnitude International Ltd | $230M | Industrials | Engineering & Construction | -0.48 |
| HBNB | Hotel101 Global Holdings Corp | $1.31B | Real Estate | Real Estate Services | -0.48 |
| CV | CapsoVision Inc | $315M | Healthcare | Medical Devices | -0.47 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.46 |
| SLDE | Slide Insurance Holdings Inc | $2.32B | Financial Services | Insurance - Property & Casualty | -0.45 |
| MAMK | MaxsMaking Inc - Class A | $195M | Industrials | Conglomerates | -0.43 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.43 |
| OYSE | Oyster Enterprises II Acquisition Corp | $268M | Financial Services | Shell Companies | -0.41 |
| VNMEU | Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War) | $52M | Financial Services | Shell Companies | -0.41 |
| MH | McGraw Hill Inc | $1.95B | Consumer Defensive | Education & Training Services | -0.41 |