29 Stocks and 71 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 ETF CCUP (T-REX 2X LONG CRCL DAILY TARGET ETF). The correlation is -0.8894.
Stocks that lowly correlated with NFTY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.81 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.69 |
| CURX | Curanex Pharmaceuticals Inc | $6.11M | Healthcare | Biotechnology | -0.64 |
| NMAX | Newsmax Inc Class B | $1.09B | Communication Services | Broadcasting | -0.63 |
| BLSH | Bullish | $3.80B | Technology | Software - Infrastructure | -0.56 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $18M | Financial Services | Shell Companies | -0.53 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.51 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.49 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.47 |
| KBSX | FST Corp | $39M | Consumer Cyclical | Leisure | -0.47 |
| TURB | Turbo Energy S.A. | $7.58M | Technology | Solar | -0.46 |
| TPET | Trio Petroleum Corp | $13M | Energy | Oil & Gas E&p | -0.45 |
| PVLA | Palvella Therapeutics Inc | $2.18B | Healthcare | Biotechnology | -0.45 |
| HIT | Health In Tech Inc - Class A | $60M | Technology | Software - Application | -0.44 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.44 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.42 |
| EONR | HNR Acquisition Corp | $21M | Energy | Oil & Gas E&p | -0.42 |
| STAK | Stak Inc | $55M | Energy | Oil & Gas Equipment & Services | -0.41 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.41 |
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.40 |
| SMC | Summit Midstream Corp | $375M | Energy | Oil & Gas Midstream | -0.40 |
| BDMD | Baird Medical Investment Holdings Ltd . | $34M | Healthcare | Medical Devices | -0.39 |
| GTERU | Globa Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts) | $53M | Financial Services | Shell Companies | -0.39 |
| OYSE | Oyster Enterprises II Acquisition Corp | $268M | Financial Services | Shell Companies | -0.39 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.39 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.39 |
| ACFN | N/A | $45M | Technology | Scientific & Technical Instruments | -0.39 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.37 |
| LSE | Leishen Energy Holding Co Ltd | $78M | Energy | Oil & Gas Equipment & Services | -0.37 |