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7 Stocks and 93 ETFs for diversifying OMFL (INVESCO RUSSELL 1000(R) DYNAMIC MULTIFACTOR ETF)

The least correlated asset to OMFL (INVESCO RUSSELL 1000(R) DYNAMIC MULTIFACTOR ETF) is ETF MYY (PROSHARES SHORT MIDCAP400). The correlation is -0.8958.

Stocks that lowly correlated with OMFL

SymbolName
Market cap
SectorIndustry
Correlation
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.59
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.59
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.51
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.49
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.47
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.45
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.42

ETFs that lowly correlated with OMFL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.90
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.89
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.87
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.87
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.87
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.86
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.86
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.86
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.86
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.86
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.85
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.85
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.85
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.85
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.84
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.83
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.83
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.82
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.81
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.80
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.80
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.80
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.79
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.79
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.78
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.78
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.77
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.76
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.75
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.75
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.73
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.71
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.71
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.71
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.70
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.70
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.69
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.69
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.68
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.68
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.68
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.68
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.68
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.67
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.66
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.66
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.65
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.65
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.64
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.64
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.63
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.62
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.62
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.61
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.61
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.61
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.60
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.59
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.57
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.57
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.55
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.54
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.54
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.53
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.53
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.52
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.52
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.52
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.52
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.51
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.51
FNGDBank of Montreal$68MN/AJan 22, 2018-0.50
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.50
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.49
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.49
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.48
OILDBank of Montreal$19MN/ANov 8, 2021-0.48
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.48
CSCSDirexion Daily CSCO Bear 1X ETF$1.80M1.00%Jun 24, 2025-0.47
RTXGLeverage Shares 2X Long RTX Daily ETF$4MN/AJun 5, 2025-0.45
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.45
PALDDirexion Daily PANW Bear 1X Shares$2.40M1.02%Feb 10, 2025-0.45
BITIProShares Short Bitcoin ETF$187M1.01%Jun 21, 2022-0.45
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.44
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.44
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.44
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.44
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.43
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.42
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.41
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.41
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.41
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.41