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15 Stocks and 85 ETFs for diversifying OVS (OVERLAY SHARES SMALL CAP EQUITY ETF)

The least correlated asset to OVS (OVERLAY SHARES SMALL CAP EQUITY ETF) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with OVS

SymbolName
Market cap
SectorIndustry
Correlation
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-1.00
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.55
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.52
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.50
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.49
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.48
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.47
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.47
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.46
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.46
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.45
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.45
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.41
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.41
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.40

ETFs that lowly correlated with OVS

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.98
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.96
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.96
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.95
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.94
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.92
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.90
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.90
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.88
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.87
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.86
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.86
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.85
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.85
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.84
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.84
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.84
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.84
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.83
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.82
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.81
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.78
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.77
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.77
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.77
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.77
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.76
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.75
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.75
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.73
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.72
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.72
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.72
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.71
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.71
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.71
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.71
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.70
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.70
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.70
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.70
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.70
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.69
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.67
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.67
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.65
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.65
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.65
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.64
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.64
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.64
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.61
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.60
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.60
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.60
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.59
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.57
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.56
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.56
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.55
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.55
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.55
OILDBank of Montreal$19MN/ANov 8, 2021-0.54
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.53
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.53
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.52
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.52
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.51
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.51
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.51
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.50
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.49
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.49
FNGDBank of Montreal$68MN/AJan 22, 2018-0.48
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.48
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.48
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.46
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.44
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.44
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.43
TSLZT-Rex 2X Inverse Tesla Daily Target ETF$46MN/AOct 18, 2023-0.42
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.41
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $42MN/AAug 21, 2023-0.41
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.40