31 Stocks and 69 ETFs for diversifying PUTD (CBOE(R) VALIDUS S&P 500(R) DYNAMIC PUTWRITE INDEX ETF)
The least correlated asset to PUTD (CBOE(R) VALIDUS S&P 500(R) DYNAMIC PUTWRITE INDEX ETF) is ETF SH (ProShares Short S&P500 -1x Shares). The correlation is -0.9512.
Stocks that lowly correlated with PUTD
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| GLIBA | GCI Liberty Inc - Class A | $879M | Communication Services | Telecom Services | -0.89 |
| NCEW | New Century Logistics (BVI) Ltd | $54M | Industrials | Integrated Freight & Logistics | -0.78 |
| VELO | Velocity Acquisition Corp - Class A | $294M | Technology | Computer Hardware | -0.75 |
| GATE | Marblegate Acquisition Corp - Class A | $425M | N/A | N/A | -0.66 |
| GATEU | Marblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War) | $340M | Financial Services | Shell Companies | -0.66 |
| VSTA | Vasta Platform Ltd Class A | $394M | Consumer Defensive | Education & Training Services | -0.65 |
| PRA | Proassurance Corporation | $1.29B | Financial Services | Insurance - Property & Casualty | -0.63 |
| CRVO | CervoMed Inc | $28M | Healthcare | Biotechnology | -0.55 |
| MCTR | CTRL Group Ltd | $15M | Communication Services | Advertising Agencies | -0.55 |
| FACTU | FACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $56M | Financial Services | Shell Companies | -0.53 |
| YHGJ | Yunhong Green CTI Ltd | $8.33M | Consumer Cyclical | Packaging & Containers | -0.52 |
| LINE | Lineage Inc | $9.99B | Real Estate | Reit - Industrial | -0.51 |
| AGL | Agilon Health Inc | $2.06B | Healthcare | Medical Care Facilities | -0.51 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.51 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.49 |
| MASK | 3 E Network Technology Group Ltd - Class A | $1.60M | Technology | Software - Application | -0.47 |
| MLGO | MicroAlgo Inc | $31M | Technology | Software - Infrastructure | -0.45 |
| BOW | Bowhead Specialty Holdings Inc | $982M | Financial Services | Insurance - Property & Casualty | -0.45 |
| ED | Consolidated Edison Inc | $40B | Utilities | Utilities - Regulated Electric | -0.44 |
| CI | Cigna Group (The) | $79B | Healthcare | Healthcare Plans | -0.43 |
| HONDW | HCM II Acquisition Corp. Warrant | $202M | Financial Services | Shell Companies | -0.42 |
| ELV | Elevance Health Inc | $85B | Healthcare | Healthcare Plans | -0.41 |
| ANNA | AleAnna Inc - Class A | $131M | Energy | Oil & Gas E&p | -0.40 |
| BOWN | Bowen Acquisition Corp | $21M | Financial Services | Shell Companies | -0.40 |
| RAY | Raytech Holding Ltd | $8.20M | N/A | N/A | -0.40 |
| DFDV | DeFi Development Corp | $91M | Technology | Software - Infrastructure | -0.40 |
| MOH | Molina Healthcare Inc | $12B | Healthcare | Healthcare Plans | -0.39 |
| GIFT | RDE Inc | $29M | Communication Services | Internet Content & Information | -0.38 |
| ALMS | Alumis Inc | $3.60B | Healthcare | Biotechnology | -0.38 |
| LITB | LightInTheBox Holding Co Ltd | $60M | N/A | N/A | -0.38 |
| SAFX | XCF Global Inc | $145M | Utilities | Utilities - Renewable | -0.38 |