22 Stocks and 78 ETFs for diversifying IAF (abrdn Australia Equity Fund)
The least correlated asset to IAF (abrdn Australia Equity Fund) is ETF SIJ (ProShares UltraShort Industrials -2x Shares). The correlation is -0.8325.
Stocks that lowly correlated with IAF
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.65 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.53 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.49 |
| MH | McGraw Hill Inc | $1.95B | Consumer Defensive | Education & Training Services | -0.49 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.48 |
| LGPS | LogProstyle Inc | $26M | Industrials | Conglomerates | -0.47 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.47 |
| ELOG | Eastern International Ltd | $9.59M | Industrials | Integrated Freight & Logistics | -0.46 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.45 |
| FBYD | Falcon`s Beyond Global Inc - Class A | $617M | Industrials | Conglomerates | -0.45 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.44 |
| FLAC | Frazier Lifesciences Acquisition Corp - Class A | $175M | N/A | N/A | -0.44 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.44 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.44 |
| SI | Shoulder Innovations Inc | $452M | N/A | N/A | -0.43 |
| ADVB | Advanced Biomed Inc | $7.21M | Healthcare | Diagnostics & Research | -0.43 |
| NMAX | Newsmax Inc Class B | $1.09B | Communication Services | Broadcasting | -0.42 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.42 |
| SAFX | XCF Global Inc | $145M | Utilities | Utilities - Renewable | -0.41 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.41 |
| NYAX | Nayax Ltd | $2.63B | Technology | Software - Infrastructure | -0.40 |
| KCHV | Kochav Defense Acquisition Corp - Class A | $263M | Financial Services | Shell Companies | -0.40 |