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28 Stocks and 72 ETFs for diversifying RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF)

The least correlated asset to RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with RSPA

SymbolName
Market cap
SectorIndustry
Correlation
PLMIUPlum Acquisition Corp I - Units (1 Ord Share Class A & 1/5 War)$232MN/AN/A-0.90
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.79
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.78
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.65
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.65
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.64
OPTNOptiNose Inc$112MN/AN/A-0.62
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.58
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.58
DMDesktop Metal Inc - Class A$165MN/AN/A-0.57
HFFGHF Foods Group Inc$90MConsumer DefensiveFood Distribution-0.57
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.57
TWKSThoughtworks Holding Inc$1.45BN/AN/A-0.55
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.55
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.55
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.54
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.52
MLGOMicroAlgo Inc$31MTechnologySoftware - Infrastructure-0.52
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)$18MFinancial ServicesShell Companies-0.49
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.49
ITIIteris Inc$316MN/AN/A-0.48
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.48
BIAFBioAffinity Technologies Inc$3.25MHealthcareDiagnostics & Research-0.48
DFDVDeFi Development Corp$91MFinancial ServicesAsset Management-0.47
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.47
NAOVNanoVibronix Inc$15MHealthcareMedical Devices-0.47
AXNXAxonics Inc$3.63BN/AN/A-0.46

ETFs that lowly correlated with RSPA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.99
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.94
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.92
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.91
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.88
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.87
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.87
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.86
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.86
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.86
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.85
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.85
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.84
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.84
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.82
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.81
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.81
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.78
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.78
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.75
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.75
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.75
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.75
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.73
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.73
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.73
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.72
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.72
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.70
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.69
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.69
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.66
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.65
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.65
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.65
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.64
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.64
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.63
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.63
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.62
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.62
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.62
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.62
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.62
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.61
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.61
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.60
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.59
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.58
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.58
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.57
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.57
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.57
IBICISHARES IBONDS OCT 2026 TERM TIPS ETF $86M0.10%Sep 13, 2023-0.57
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.56
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.55
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.55
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $276M0.98%May 13, 2019-0.53
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.53
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.52
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.50
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.50
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.50
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.49
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.47
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.47
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.46
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.46