41 Stocks and 59 ETFs for diversifying SDP (ProShares UltraShort Utilities -2x Shares)
The least correlated asset to SDP (ProShares UltraShort Utilities -2x Shares) is ETF XLU (THE UTILITIES SELECT SECTOR SPDR FUND). The correlation is -0.9584.
Stocks that lowly correlated with SDP
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| DTE | DTE Energy Company | $30B | Utilities | Utilities - Regulated Electric | -0.85 |
| DUK | Duke Energy Corp | $98B | Utilities | Utilities - Regulated Electric | -0.85 |
| LNT | Alliant Energy Corp | $19B | Utilities | Utilities - Regulated Electric | -0.84 |
| CMS | CMS Energy Corporation | $23B | Utilities | Utilities - Regulated Electric | -0.84 |
| SO | Southern Company | $105B | Utilities | Utilities - Regulated Electric | -0.82 |
| AEP | American Electric Power Company Inc | $70B | Utilities | Utilities - Regulated Electric | -0.81 |
| ES | Eversource Energy | $26B | Utilities | Utilities - Regulated Electric | -0.81 |
| PEG | Public Service Enterprise Group Inc | $40B | Utilities | Utilities - Regulated Electric | -0.81 |
| AEE | Ameren Corp | $31B | Utilities | Utilities - Regulated Electric | -0.79 |
| WEC | WEC Energy Group Inc | $37B | Utilities | Utilities - Regulated Electric | -0.79 |
| NI | NiSource Inc | $23B | Utilities | Utilities - Regulated Gas | -0.78 |
| OGE | Oge Energy Corp | $9.94B | Utilities | Utilities - Regulated Electric | -0.77 |
| XEL | Xcel Energy Inc | $51B | Utilities | Utilities - Regulated Electric | -0.77 |
| ATO | Atmos Energy Corp | $29B | Utilities | Utilities - Regulated Gas | -0.76 |
| SRE | Sempra | $60B | Utilities | Utilities - Diversified | -0.76 |
| NEE | NextEra Energy Inc | $183B | Utilities | Utilities - Regulated Electric | -0.76 |
| EVRG | Evergy Inc | $19B | Utilities | Utilities - Regulated Electric | -0.75 |
| D | Dominion Energy Inc | $59B | Utilities | Utilities - Regulated Electric | -0.75 |
| ETR | Entergy Corp | $51B | Utilities | Utilities - Regulated Electric | -0.74 |
| ED | Consolidated Edison Inc | $39B | Utilities | Utilities - Regulated Electric | -0.74 |
| FTS | Fortis Inc | $29B | Utilities | Utilities - Regulated Electric | -0.74 |
| WTRG | Essential Utilities Inc | $11B | Utilities | Utilities - Regulated Water | -0.73 |
| IDA | Idacorp Inc | $7.80B | Utilities | Utilities - Regulated Electric | -0.73 |
| EXC | Exelon Corp | $47B | Utilities | Utilities - Regulated Electric | -0.72 |
| POR | Portland General Electric Company | $5.92B | Utilities | Utilities - Regulated Electric | -0.72 |
| NEE-P-S | NextEra Energy Inc 7.299 Corporate Units | $113B | N/A | N/A | -0.72 |
| PNW | Pinnacle West Capital Corp | $12B | Utilities | Utilities - Regulated Electric | -0.71 |
| MEGI | MainStay CBRE Global Infrastructure Megatrends Fund | $800M | Financial Services | Asset Management | -0.71 |
| PPL | PPL Corp | $27B | Utilities | Utilities - Regulated Electric | -0.70 |
| AWK | American Water Works Co. Inc | $24B | Utilities | Utilities - Regulated Water | -0.70 |
| NEE-P-T | NextEra Energy Inc 7.234 Corporate Units | $105B | N/A | N/A | -0.69 |
| BKH | Black Hills Corporation | $5.62B | Utilities | Utilities - Regulated Gas | -0.68 |
| CNP | Centerpoint Energy Inc | $28B | Utilities | Utilities - Regulated Electric | -0.67 |
| MGEE | MGE Energy Inc | $2.81B | Utilities | Utilities - Regulated Electric | -0.66 |
| CCI | Crown Castle Inc | $40B | Real Estate | Reit - Specialty | -0.65 |
| MLACR | Mountain Lake Acquisition Corp | $7.99M | N/A | N/A | -0.65 |
| IPEX | Inflection Point Acquisition Corp V - Class A | $125M | Financial Services | Shell Companies | -0.63 |
| OGS | ONE Gas Inc | $5.11B | Utilities | Utilities - Regulated Gas | -0.63 |
| CMSC | CMS Energy Corporation | $7.05B | Utilities | Multiline Utilities | -0.63 |
| KG | KING PHARMACEUTICALS INC | $85M | Financial Services | Insurance - Reinsurance | -0.62 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.62 |