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27 Stocks and 73 ETFs for diversifying ITWO (ProShares Russell 2000 High Income ETF)

The least correlated asset to ITWO (ProShares Russell 2000 High Income ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with ITWO

SymbolName
Market cap
SectorIndustry
Correlation
RBCPRBC Bearings Incorporated 5.00 Series A Mandatory Convertible Preferred Stock$3.64BN/AN/A-1.00
ITIIteris Inc$316MN/AN/A-0.99
TWKSThoughtworks Holding Inc$1.45BN/AN/A-0.99
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.96
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.65
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.60
OPTNOptiNose Inc$112MN/AN/A-0.59
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.58
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.57
DMDesktop Metal Inc - Class A$165MN/AN/A-0.57
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.57
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.56
MLGOMicroAlgo Inc$31MTechnologySoftware - Infrastructure-0.55
CNPCenterpoint Energy Inc$28BUtilitiesUtilities - Regulated Electric-0.54
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.54
EXCExelon Corp$47BUtilitiesUtilities - Regulated Electric-0.54
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.54
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.53
TBCAT&T Inc$180BN/AN/A-0.52
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.52
EDConsolidated Edison Inc$40BUtilitiesUtilities - Regulated Electric-0.52
TRUGTruGolf Holdings Inc - Class A$1.24MConsumer CyclicalLeisure-0.51
LXEHLixiang Education Holding Co Ltd$2.70MConsumer DefensiveEducation & Training Services-0.51
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.51
SYTSYLA Technologies Co Ltd$60MTechnologySoftware - Application-0.51
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.49
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.48

ETFs that lowly correlated with ITWO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.98
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.97
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.95
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.94
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.91
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.90
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.90
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.90
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.90
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.90
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.90
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.90
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.88
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.86
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.84
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.84
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.84
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.82
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.82
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.82
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.82
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.80
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.79
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.78
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.76
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.75
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.74
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.74
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.74
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.72
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.70
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.69
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.69
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.68
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.68
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.68
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.66
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.66
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.66
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.66
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.66
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.65
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.63
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.62
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.62
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.62
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.62
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.62
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.60
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.59
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.59
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.59
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.58
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.57
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $276M0.98%May 13, 2019-0.56
IBICISHARES IBONDS OCT 2026 TERM TIPS ETF $86M0.10%Sep 13, 2023-0.56
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.56
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.56
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.55
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.53
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.52
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.51
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.51
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.51
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.50
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.50
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.50
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.49
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.49
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.49