9 Stocks and 91 ETFs for diversifying SKYY (FIRST TRUST CLOUD COMPUTING ETF)
The least correlated asset to SKYY (FIRST TRUST CLOUD COMPUTING ETF) is ETF WEBS (DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES). The correlation is -0.9284.
Stocks that lowly correlated with SKYY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.69 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.61 |
| AMRZ | Amrize Ltd | $29B | Basic Materials | Building Materials | -0.55 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.53 |
| JBS | JBS N.V. - Class A | $14B | Consumer Defensive | Packaged Foods | -0.52 |
| UBXG | U-BX Technology Ltd | $37M | Technology | Software - Infrastructure | -0.51 |
| GSRM | Bitcoin Depot Inc - Class A | $54M | N/A | N/A | -0.49 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.47 |
| GSHR | Gesher Acquisition Corp II - Class A | $155M | Financial Services | Shell Companies | -0.46 |