16 Stocks and 84 ETFs for diversifying FRTY (ALGER MID CAP 40 ETF)
The least correlated asset to FRTY (ALGER MID CAP 40 ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.
Stocks that lowly correlated with FRTY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.54 |
| APADU | A Paradise Acquisition Corp Unit | $67M | Financial Services | Shell Companies | -0.53 |
| MAMK | MaxsMaking Inc - Class A | $195M | Industrials | Conglomerates | -0.52 |
| LWAC | LightWave Acquisition Corp - Class A | $221M | Financial Services | Shell Companies | -0.51 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.51 |
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.50 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.50 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.49 |
| SLDE | Slide Insurance Holdings Inc | $2.32B | Financial Services | Insurance - Property & Casualty | -0.49 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.48 |
| MH | McGraw Hill Inc | $1.95B | Consumer Defensive | Education & Training Services | -0.48 |
| TRUG | TruGolf Holdings Inc - Class A | $1.24M | Consumer Cyclical | Leisure | -0.47 |
| GSHR | Gesher Acquisition Corp II - Class A | $157M | Financial Services | Shell Companies | -0.47 |
| AVBC | Avidia Bancorp Inc | $407M | Financial Services | Banks - Regional | -0.45 |
| WSBK | Winchester Bancorp Inc | $121M | Financial Services | Banks - Regional | -0.44 |
| CPSR | Gelesis Holdings Inc - Class A | $1.87B | N/A | N/A | -0.44 |