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24 Stocks and 76 ETFs for diversifying MXI (iShares Global Materials ETF)

The least correlated asset to MXI (iShares Global Materials ETF) is ETF SMN (ProShares UltraShort Materials). The correlation is -0.9236.

Stocks that lowly correlated with MXI

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.62
DBTXDecibel Therapeutics Inc$123MN/AN/A-0.53
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.53
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.52
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.48
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.48
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.47
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.47
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.46
HNGEHinge Health Inc - Class A$4.21BHealthcareHealth Information Services-0.46
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.46
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.45
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.44
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.44
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.43
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.42
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.41
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.41
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.40
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.39
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.39
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.38
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.38
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.37

ETFs that lowly correlated with MXI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.92
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.89
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.88
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.87
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.82
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.81
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.80
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.80
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.80
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.79
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.79
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.76
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.76
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.75
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.75
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.75
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.75
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.75
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.75
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.75
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.75
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.74
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.74
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.74
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.73
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.70
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.68
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.66
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.66
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.64
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.63
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.63
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.63
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.62
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.61
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.61
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.60
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.60
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.59
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.59
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.58
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.58
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.57
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.57
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.57
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.57
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.57
OILDBank of Montreal$19MN/ANov 8, 2021-0.56
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.55
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.55
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.55
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.53
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.52
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.51
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.49
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.48
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.48
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.48
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.48
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.48
ZSLProShares UltraShort Silver -2x Shares$145MN/ADec 1, 2008-0.47
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.47
FXPProShares UltraShort FTSE China 50 -2x Shares$5.60MN/ANov 6, 2007-0.47
YXIProShares Short FTSE China 50 -1x Shares$4.30M0.95%Mar 16, 2010-0.46
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.44
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.43
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $26MN/AApr 24, 2025-0.43
YANGDIREXION DAILY FTSE CHINA BEAR 3X SHARES $110MN/ADec 3, 2009-0.43
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.41
EUOProShares UltraShort Euro -2X Shares$38MN/ANov 24, 2008-0.40
NFXLDIREXION DAILY NFLX BULL 2X SHARES $176MN/AOct 2, 2024-0.40
NFLUT-REX 2X LONG NFLX DAILY TARGET ETF $36MN/ASep 26, 2024-0.39
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.38
DULLBank of Montreal$15MN/AFeb 21, 2023-0.38