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High CorrelationLow Correlation

40 Stocks and 60 ETFs for diversifying GCAD (GABELLI COMMERCIAL AEROSPACE AND DEFENSE ETF)

The least correlated asset to GCAD (GABELLI COMMERCIAL AEROSPACE AND DEFENSE ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with GCAD

SymbolName
Market cap
SectorIndustry
Correlation
SCMASeaport Calibre Materials Acquisition Corp - Class A$169MN/AN/A-1.00
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-1.00
NVSAUNew Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$350MN/AN/A-1.00
FTAAFTAC Athena Acquisition Corp - Class A$261MN/AN/A-1.00
DGNUDragoneer Growth Opportunities Corp III - Class A$538MN/AN/A-0.97
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.95
SLVRUSilverSPAC Inc - Units (1 Ord Share Class A & 1/4 War)$328MN/AN/A-0.71
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.69
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.68
JUGGUJaws Juggernaut Acquisition Corp - Units (1 Ord Share Class A & 1/4 War)$285MN/AN/A-0.67
COWNLCowen Inc$796MN/AN/A-0.65
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.63
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.62
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.60
LITTLogistics Innovation Technologies Corp - Class A$349MN/AN/A-0.59
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.58
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.54
ALORUALSP Orchid Acquisition Corp I - Units (1 Ord Class A & 1/2 War)$22MN/AN/A-0.53
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.52
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.52
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.51
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.51
NMPAUNMP Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.50
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.50
APADREnhanced Group Inc$6.67MN/AN/A-0.49
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.49
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.48
FBYDFalcon`s Beyond Global Inc - Class A$617MIndustrialsConglomerates-0.47
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.46
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.46
WYHGWing Yip Food Holdings Group Ltd$59MConsumer DefensivePackaged Foods-0.45
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.44
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.43
CNFRLConifer Holdings Inc$303MN/AN/A-0.43
HPLTUHome Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War)$79MN/AN/A-0.42
BRLIUBrilliant Acquisition Corp - Unit (1 Ordinary share 1 War and 1 Rts)$6.42MN/AN/A-0.42
CBION/A$432MHealthcareBiotechnology-0.42
WGRXWellgistics Health Inc$6.79MHealthcarePharmaceutical Retailers-0.41
IVCPUAleAnna Inc - Units (1 Ord Share Class A & 1/2 War)$308MN/AN/A-0.41
AHRNUAhren Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$79MN/AN/A-0.40

ETFs that lowly correlated with GCAD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.81
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.75
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.75
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.74
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.72
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.72
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.71
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.71
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.70
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.70
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.70
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.69
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.68
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.68
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.66
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.66
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.65
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.65
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.64
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.63
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.62
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.59
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.59
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.58
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.58
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.58
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.57
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.57
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.53
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.53
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.53
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.53
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.53
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.52
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.52
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.51
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.50
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.48
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.48
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.48
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.48
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.48
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.47
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.46
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.46
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.45
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.45
AVGUT-REX 2X LONG AVGO DAILY TARGET ETF $36MN/AJul 14, 2025-0.45
AVGWROUNDHILL AVGO WEEKLYPAY ETF $45MN/AJul 23, 2025-0.45
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.45
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.45
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.45
QBProShares Nasdaq100 Dynamic Buffer ETF$2.80M0.58%Jun 24, 2025-0.43
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.43
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.43
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.42
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.41
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.41
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.41