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High CorrelationLow Correlation

30 Stocks and 70 ETFs for diversifying RSPC (INVESCO S&P 500 (R) EQUAL WEIGHT COMMUNICATION SERVICES ETF)

The least correlated asset to RSPC (INVESCO S&P 500 (R) EQUAL WEIGHT COMMUNICATION SERVICES ETF) is ETF SEF (ProShares Short Financials -1x Shares). The correlation is -0.8493.

Stocks that lowly correlated with RSPC

SymbolName
Market cap
SectorIndustry
Correlation
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.75
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.74
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.71
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.70
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.70
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.68
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.68
AXINAxiom Intelligence Acquisition Corp 1 - Class A$341MFinancial ServicesShell Companies-0.67
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.66
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.64
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.62
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.61
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.57
EVACEDWARDS GROUP LTD Foreign$597MFinancial ServicesShell Companies-0.56
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.53
OBAOxley Bridge Acquisition Ltd - Class A$260MFinancial ServicesShell Companies-0.53
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.52
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.52
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.51
SPEGUSilver Pegasus Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.51
JEM707 Cayman Holdings Ltd$3.49MConsumer CyclicalApparel Retail-0.51
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.50
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.49
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.49
WTGWintergreen Acquisition Corp$58MFinancial ServicesShell Companies-0.48
RDAGRepublic Digital Acquisition Co. - Class A$311MFinancial ServicesShell Companies-0.48
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.48
MKLYUMcKinley Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$59MFinancial ServicesShell Companies-0.47
BMHLBluemount Holdings Ltd$146MFinancial ServicesCapital Markets-0.47
HMRSports Properties Acquisition Corp$65MIndustrialsMarine Shipping-0.47

ETFs that lowly correlated with RSPC

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.85
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.85
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.84
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.84
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.82
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.82
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.81
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.81
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.81
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.81
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.80
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.78
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.78
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.78
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.78
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.78
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.78
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.78
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.77
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.74
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.74
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.74
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.72
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.72
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.71
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.70
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.69
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.69
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.67
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.67
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.65
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.65
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.65
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.64
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.63
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.63
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.63
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.62
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.62
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.62
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.62
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.61
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $47M0.98%Dec 10, 2024-0.61
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.60
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.60
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.60
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.60
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.60
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.58
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.58
SBITProShares UltraShort Bitcoin ETF$219MN/AApr 1, 2024-0.58
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.57
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.57
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.56
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.56
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.56
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.55
NFXSDIREXION DAILY NFLX BEAR 1X SHARES $5.40M1.03%Oct 2, 2024-0.55
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.53
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.52
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.50
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.50
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.49
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.49
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.49
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.48
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.48
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.48
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.47
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.47