22 Stocks and 78 ETFs for diversifying RAYD (Rayliant Quantitative Developed Market Equity ETF)
The least correlated asset to RAYD (Rayliant Quantitative Developed Market Equity ETF) is ETF SDS (ProShares UltraShort S&P500 -2x Shares). The correlation is -0.9286.
Stocks that lowly correlated with RAYD
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.68 |
| FACTU | FACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $56M | Financial Services | Shell Companies | -0.59 |
| GLIBA | GCI Liberty Inc - Class A | $926M | Communication Services | Telecom Services | -0.58 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.49 |
| ALMS | Alumis Inc | $2.67B | Healthcare | Biotechnology | -0.43 |
| LINE | Lineage Inc | $9.85B | Real Estate | Reit - Industrial | -0.41 |
| VSTA | Vasta Platform Ltd Class A | $394M | Consumer Defensive | Education & Training Services | -0.41 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.41 |
| CGTL | Creative Global Technology Holdings Ltd | $6.55M | Consumer Cyclical | Specialty Retail | -0.41 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.37 |
| CAPS | Capstone Holding Corp | $3.02M | Basic Materials | Building Materials | -0.36 |
| TRUG | TruGolf Holdings Inc - Class A | $1.24M | Consumer Cyclical | Leisure | -0.36 |
| INM | InMed Pharmaceuticals Inc | $5.50M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.36 |
| HONDW | HCM II Acquisition Corp. Warrant | $202M | Financial Services | Shell Companies | -0.34 |
| GDHG | Golden Heaven Group Holdings Ltd - Class A | $1.70M | Consumer Cyclical | Leisure | -0.34 |
| BOW | Bowhead Specialty Holdings Inc | $886M | Financial Services | Insurance - Property & Casualty | -0.31 |
| BOWN | Bowen Acquisition Corp | $21M | Financial Services | Shell Companies | -0.31 |
| BOWNU | Bowen Acquisition Corp - Units (1 Ordinary share & 1 Right) | $30M | Financial Services | Shell Companies | -0.30 |
| BNZI | Banzai International Inc - Class A | $6.35M | Technology | Software - Application | -0.30 |
| SHMD | SCHMID Group N.V. - Class A | $300M | Industrials | Specialty Industrial Machinery | -0.29 |
| MCTR | CTRL Group Ltd | $15M | Communication Services | Advertising Agencies | -0.29 |
| BLTE | Belite Bio Inc | $5.59B | Healthcare | Biotechnology | -0.28 |