21 Stocks and 79 ETFs for diversifying GAST (Gabelli Automation ETF)
The least correlated asset to GAST (Gabelli Automation ETF) is ETF RWM (PROSHARES SHORT RUSSELL2000). The correlation is -0.8884.
Stocks that lowly correlated with GAST
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.65 |
| GLIBA | GCI Liberty Inc - Class A | $926M | Communication Services | Telecom Services | -0.63 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.57 |
| FACTU | FACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $56M | Financial Services | Shell Companies | -0.57 |
| MASK | 3 E Network Technology Group Ltd - Class A | $1.60M | Technology | Software - Application | -0.46 |
| MCTR | CTRL Group Ltd | $15M | Communication Services | Advertising Agencies | -0.44 |
| LINE | Lineage Inc | $9.85B | Real Estate | Reit - Industrial | -0.43 |
| MLGO | MicroAlgo Inc | $43M | Technology | Software - Infrastructure | -0.42 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.41 |
| UBXG | U-BX Technology Ltd | $37M | Technology | Software - Infrastructure | -0.39 |
| BOW | Bowhead Specialty Holdings Inc | $886M | Financial Services | Insurance - Property & Casualty | -0.38 |
| SAFX | XCF Global Inc | $126M | Utilities | Utilities - Renewable | -0.37 |
| HONDW | HCM II Acquisition Corp. Warrant | $202M | Financial Services | Shell Companies | -0.37 |
| CGTL | Creative Global Technology Holdings Ltd | $6.55M | Consumer Cyclical | Specialty Retail | -0.36 |
| AGL | Agilon Health Inc | $1.50B | Healthcare | Medical Care Facilities | -0.35 |
| GATE | Marblegate Acquisition Corp - Class A | $425M | N/A | N/A | -0.35 |
| GATEU | Marblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War) | $340M | Financial Services | Shell Companies | -0.34 |
| GIFT | RDE Inc | $29M | Communication Services | Internet Content & Information | -0.34 |
| NETDU | Nabors Energy Transition Corp II - Units (1 Ord Class A & 1/2 War) | $73M | Financial Services | Shell Companies | -0.32 |
| ELV | Elevance Health Inc | $85B | Healthcare | Healthcare Plans | -0.32 |
| SHMD | SCHMID Group N.V. - Class A | $300M | Industrials | Specialty Industrial Machinery | -0.31 |