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High CorrelationLow Correlation

34 Stocks and 66 ETFs for diversifying QABA (FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND)

The least correlated asset to QABA (FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND) is ETF SKRE (TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF). The correlation is -0.969.

Stocks that lowly correlated with QABA

SymbolName
Market cap
SectorIndustry
Correlation
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.71
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.64
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.63
OFSSOOFS Capital Corp$341MN/AN/A-0.61
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.60
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.58
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.57
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.54
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.54
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.53
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.53
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.51
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.49
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.48
NVSAUNew Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$350MN/AN/A-0.48
TOACUTalon 1 Acquisition Corp - Units (1 Ord Class A & 1/2 War)$143MN/AN/A-0.48
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.47
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.46
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.44
CCCXChurchill Capital Corp X - Class A$570MFinancial ServicesShell Companies-0.44
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.44
TSIBUTishman Speyer Innovation Corp II - Units (1 Ord Share Class A & 1/5 War)$301MN/AN/A-0.44
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.43
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.42
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.42
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.42
DLCAUDeep Lake Capital Acquisition Corp - Units (1 Ord Class A & 1/2 War)$262MN/AN/A-0.41
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.40
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.40
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.40
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.40
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.39
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.39
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.39

ETFs that lowly correlated with QABA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.97
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.84
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.82
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.79
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.78
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.78
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.77
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.76
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.75
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.75
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.73
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.72
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.72
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.71
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.71
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.68
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.68
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.67
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.66
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.64
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.60
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.60
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.59
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.59
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.58
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.58
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.58
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.58
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.57
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.56
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.54
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.54
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.53
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.53
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.52
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.52
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.51
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.51
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.49
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.49
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.49
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.48
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.48
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.47
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.47
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.46
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.44
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.44
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.44
OILDBank of Montreal$53MN/ANov 8, 2021-0.43
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.43
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.43
TSLZT-REX 2X INVERSE TESLA DAILY TARGET ETF $31MN/AOct 18, 2023-0.43
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.42
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.42
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.42
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.42
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.41
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.41
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.41
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.41
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.40
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.39
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.39
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $39MN/AAug 21, 2023-0.39
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.38