30 Stocks and 70 ETFs for diversifying GDL (GDL Fund)
The least correlated asset to GDL (GDL Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.7995.
Stocks that lowly correlated with GDL
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.66 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.66 |
| IPCX | Inflection Point Acquisition Corp III - Class A | $263M | Financial Services | Shell Companies | -0.57 |
| NCEW | New Century Logistics (BVI) Ltd | $54M | Industrials | Integrated Freight & Logistics | -0.56 |
| KCHV | Kochav Defense Acquisition Corp - Class A | $263M | Financial Services | Shell Companies | -0.56 |
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.55 |
| TACH | Titan Acquisition Corp - Class A | $288M | Financial Services | Shell Companies | -0.53 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.52 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.51 |
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.51 |
| INAC | Indigo Acquisition Corp | $118M | Financial Services | Shell Companies | -0.49 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.48 |
| TFIN-P | Triumph Financial Inc Depositary Shares Series C | $531M | Financial Services | Banks - Regional | -0.48 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.48 |
| RAY | Raytech Holding Ltd | $8.20M | Consumer Defensive | Household & Personal Products | -0.47 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.46 |
| LGPS | LogProstyle Inc | $26M | Industrials | Conglomerates | -0.46 |
| ELOG | Eastern International Ltd | $9.59M | Industrials | Integrated Freight & Logistics | -0.45 |
| JEM | 707 Cayman Holdings Ltd | $3.49M | Consumer Cyclical | Apparel Retail | -0.42 |
| LCCC | Lakeshore Acquisition III Corp | $72M | Financial Services | Shell Companies | -0.41 |
| DFDV | DeFi Development Corp | $91M | Financial Services | Asset Management | -0.41 |
| OBA | Oxley Bridge Acquisition Ltd - Class A | $260M | Financial Services | Shell Companies | -0.41 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.40 |
| LWAC | LightWave Acquisition Corp - Class A | $221M | Financial Services | Shell Companies | -0.39 |
| ETS | Elite Express Holding Inc - Class A | $13M | Industrials | Trucking | -0.39 |
| AZI | Autozi Internet Technology (Global) Ltd - Class A | $9.05M | Consumer Cyclical | Auto & Truck Dealerships | -0.39 |
| ALMS | Alumis Inc | $3.60B | Healthcare | Biotechnology | -0.39 |
| BOWN | Bowen Acquisition Corp | $21M | Financial Services | Shell Companies | -0.38 |
| WTG | Wintergreen Acquisition Corp | $58M | Financial Services | Shell Companies | -0.38 |
| CHA | Chagee Holdings Ltd | $1.84B | Consumer Cyclical | Restaurants | -0.38 |