31 Stocks and 69 ETFs for diversifying NFTY (FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF)
The least correlated asset to NFTY (FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF) is company TMD Energy (TMDE). The correlation is -0.8163.
Stocks that lowly correlated with NFTY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.82 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.79 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.77 |
| NMAX | Newsmax Inc Class B | $1B | Communication Services | Broadcasting | -0.71 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.70 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.52 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.51 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.49 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.49 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.48 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.48 |
| KBSX | FST Corp | $59M | Basic Materials | Steel | -0.47 |
| PVLA | Palvella Therapeutics Inc | $1.66B | Healthcare | Biotechnology | -0.46 |
| TURB | Turbo Energy S.A. | $7.58M | Technology | Solar | -0.46 |
| TPET | Trio Petroleum Corp | $3.76M | Energy | Oil & Gas E&p | -0.45 |
| HIT | Health In Tech Inc - Class A | $54M | Technology | Software - Application | -0.44 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.42 |
| EONR | HNR Acquisition Corp | $22M | Energy | Oil & Gas E&p | -0.42 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.41 |
| SMC | Summit Midstream Corp | $352M | Energy | Oil & Gas Midstream | -0.41 |
| LSE | Leishen Energy Holding Co Ltd | $77M | Energy | Oil & Gas Equipment & Services | -0.40 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.39 |
| BDMD | Baird Medical Investment Holdings Ltd . | $44M | Healthcare | Medical Devices | -0.39 |
| PN | Skycorp Solar Group Ltd - Series A | $100M | Technology | Solar | -0.39 |
| USOI | UBS AG London Branch | $234B | N/A | N/A | -0.38 |
| JYD | Jayud Global Logistics Ltd - Class A | $1.63M | Industrials | Integrated Freight & Logistics | -0.38 |
| DEC | N/A | $1.05B | Energy | Oil & Gas Integrated | -0.37 |
| KVAC | Keen Vision Acquisition Corp | $54M | Financial Services | Shell Companies | -0.37 |
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.37 |
| WYHG | Wing Yip Food Holdings Group Ltd | $43M | Consumer Defensive | Packaged Foods | -0.37 |
| BODI | The Beachbody Company Inc Class A | $70M | Communication Services | Internet Content & Information | -0.37 |