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61 Stocks and 39 ETFs for diversifying RW (RAINWATER EQUITY ETF)

The least correlated asset to RW (RAINWATER EQUITY ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with RW

SymbolName
Market cap
SectorIndustry
Correlation
SHYFShyft Group Inc (The)$438MN/AN/A-1.00
MINMFiEE Inc$18MN/AN/A-1.00
LTRYLottery.com Inc$3.98MN/AN/A-1.00
TGITriumph Group Inc$2.03BN/AN/A-1.00
SRMSRM Entertainment Inc$2.31BN/AN/A-1.00
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.97
YMABY-Mabs Therapeutics Inc$390MHealthcareBiotechnology-0.87
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.87
FSLYFastly Inc - Class A$3.13BTechnologySoftware - Application-0.85
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.82
ADNAdvent Technologies Holdings, Inc. Class A Common Stock$2.71MIndustrialsElectrical Equipment & Parts-0.78
AMAntero Midstream Corp$11BEnergyOil & Gas Midstream-0.75
APAAPA Corporation$12BEnergyOil & Gas E&p-0.74
CRGYCrescent Energy Co. - Class A$3.34BEnergyOil & Gas E&p-0.74
SHELShell Plc ADR (Representing - )$241BEnergyOil & Gas Integrated-0.74
XWELXWELL Inc$8.56MHealthcareDiagnostics & Research-0.73
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.73
MLNKMeridianLink, Inc.$170MTechnologySoftware - Application-0.71
ARAntero Resources Corp$10BEnergyOil & Gas E&p-0.71
COKECoca-Cola Consolidated Inc$13BConsumer DefensiveBeverages - Non-alcoholic-0.71
BDMDBaird Medical Investment Holdings Ltd .$34MHealthcareMedical Devices-0.71
RELIReliance Global Group Inc$8.82MFinancial ServicesInsurance Brokers-0.70
CQPCheniere Energy Partners LP$30BEnergyOil & Gas Midstream-0.70
EBRCentrais Eletricas Brasileiras S.A.$25BUtilitiesUtilities - Renewable-0.70
BATLBattalion Oil Corp (New)$33MEnergyOil & Gas E&p-0.70
RRCRange Resources Corp$8.47BEnergyOil & Gas E&p-0.69
EQTEQT Corp$31BEnergyOil & Gas E&p-0.69
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.69
FANGDiamondback Energy Inc$53BEnergyOil & Gas E&p-0.68
LMATLemaitre Vascular Inc$2.28BHealthcareMedical Instruments & Supplies-0.67
EONRHNR Acquisition Corp$21MEnergyOil & Gas E&p-0.67
SNSESensei Biotherapeutics Inc$19MHealthcareBiotechnology-0.67
WDSWoodside Energy Group Ltd$40BEnergyOil & Gas E&p-0.67
CNQCanadian Natural Resources Ltd$90BEnergyOil & Gas E&p-0.67
WOWWideOpenWest, Inc. Common Stock$446MCommunication ServicesTelecom Services-0.66
MGYMagnolia Oil & Gas Corp - Class A$4.90BEnergyOil & Gas E&p-0.66
ENBEnbridge Inc$123BEnergyOil & Gas Midstream-0.65
SHIPSeanergy Maritime Holdings Corp$322MIndustrialsMarine Shipping-0.64
BANLCBL International Ltd$11MEnergyOil & Gas Midstream-0.64
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.64
DVNDevon Energy Corp$53BEnergyOil & Gas E&p-0.64
DRRXDurect Corp$60MHealthcareDrug Manufacturers - Specialty & Generic-0.64
RCKYRocky Brands Inc$310MConsumer CyclicalFootwear & Accessories-0.63
EEni Spa$74BEnergyOil & Gas Integrated-0.63
AMPYAmplify Energy Corp$165MEnergyOil & Gas E&p-0.63
ACLXArcellx Inc$6.67BHealthcareBiotechnology-0.63
REPXRiley Exploration Permian Inc$715MEnergyOil & Gas E&p-0.63
VNOMViper Energy Inc - Class A$6.95BEnergyOil & Gas Midstream-0.63
SAGTSagtec Global Ltd$18MTechnologySoftware - Application-0.62
RNGRingCentral Inc - Class A$3.44BTechnologySoftware - Application-0.62
ANTEAirNet Technology Inc$89MN/AN/A-0.62
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.62
OXYOccidental Petroleum Corp$53BEnergyOil & Gas E&p-0.61
PHLTPerformant Healthcare Inc$626MHealthcareHealth Information Services-0.61
CAPSCapstone Holding Corp$2.58MBasic MaterialsBuilding Materials-0.61
KRKroger Company$35BConsumer DefensiveGrocery Stores-0.61
NATNordic American Tankers Ltd$1.30BEnergyOil & Gas Midstream-0.61
LNGCheniere Energy Inc$54BEnergyOil & Gas Midstream-0.61
VREVeris Residential, Inc.$1.78BReal EstateReit - Residential-0.61
DLNGDynagas LNG Partners LP$133MEnergyOil & Gas Midstream-0.60
BCRXBiocryst Pharmaceuticals Inc$2.39BHealthcareDrug Manufacturers - Specialty & Generic-0.60

ETFs that lowly correlated with RW

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
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.99
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.98
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.83
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.81
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.77
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.77
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.74
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.74
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.73
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.72
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.72
FCGFIRST TRUST NATURAL GAS ETF $590M0.59%May 8, 2007-0.71
RSBYRETURN STACKED(R) BONDS & FUTURES YIELD ETF $64M1.01%Aug 20, 2024-0.70
OILTTexas Capital Texas Oil Index ETF$12M0.35%Dec 20, 2023-0.70
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.70
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.69
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.69
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.69
PXEINVESCO ENERGY EXPLORATION & PRODUCTION ETF $79M0.61%Oct 26, 2005-0.69
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.68
IEOISHARES U.S. OIL & GAS EXPLORATION & PRODUCTION ETF $516M0.38%May 1, 2006-0.67
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.67
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.67
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.66
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.66
XOPSTATE STREET(R) SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF $2.90B0.35%Jun 19, 2006-0.66
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.66
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.65
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.65
WTIUBank of Montreal$19MN/AFeb 16, 2023-0.65
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.65
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.64
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.64
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.64
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.61
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.61