10 Stocks and 90 ETFs for diversifying RXD (ProShares UltraShort Health Care -2x Shares)
The least correlated asset to RXD (ProShares UltraShort Health Care -2x Shares) is ETF IYH (ISHARES U.S. HEALTHCARE ETF). The correlation is -0.9838.
Stocks that lowly correlated with RXD
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| RVTY | Revvity Inc | $12B | Healthcare | Diagnostics & Research | -0.74 |
| BBOT | BridgeBio Oncology Therapeutics Inc Com | $674M | Healthcare | Biotechnology | -0.72 |
| TMO | Thermo Fisher Scientific Inc | $199B | Healthcare | Diagnostics & Research | -0.71 |
| BMEZ | BlackRock Health Sciences Term Trust | $1.53B | Financial Services | Asset Management | -0.70 |
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust | $1.85M | N/A | N/A | -0.70 |
| DHR | Danaher Corp | $142B | Healthcare | Diagnostics & Research | -0.69 |
| JNJ | Johnson & Johnson | $595B | Healthcare | Drug Manufacturers - General | -0.69 |
| WTGUR | Wintergreen Acquisition Corp | $237K | N/A | N/A | -0.68 |
| LWACW | LightWave Acquisition Corp - Warrants (06/06/2030) | $178M | N/A | N/A | -0.67 |
| IQV | IQVIA Holdings Inc | $35B | Healthcare | Diagnostics & Research | -0.67 |