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21 Stocks and 79 ETFs for diversifying SPE (Special Opportunities Fund)

The least correlated asset to SPE (Special Opportunities Fund) is ETF SEF (ProShares Short Financials -1x Shares). The correlation is -0.8091.

Stocks that lowly correlated with SPE

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.67
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.61
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.53
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.50
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.49
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.48
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.45
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.45
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.43
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.43
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.42
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.41
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.40
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.40
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.39
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.39
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.38
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.38
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.38
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.38
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.38

ETFs that lowly correlated with SPE

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.81
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.80
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.80
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.80
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.79
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.79
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.79
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.79
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.79
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.79
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.78
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.78
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.78
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.78
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.78
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.77
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.77
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.77
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.76
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.75
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.73
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.73
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.73
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.72
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.69
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.69
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.69
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.68
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.68
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.68
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.68
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.67
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.67
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.67
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.67
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.67
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.66
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.66
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.65
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.63
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.63
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.62
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.62
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.61
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.58
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.58
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.58
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.57
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.57
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.57
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.56
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.55
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.55
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.55
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.54
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.54
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.54
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.54
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.54
OILDBank of Montreal$19MN/ANov 8, 2021-0.53
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.53
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.50
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.50
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.49
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.49
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.48
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.48
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.48
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.47
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.47
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.45
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.44
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.44
RSBYRETURN STACKED(R) BONDS & FUTURES YIELD ETF $78M1.01%Aug 20, 2024-0.43
FNGDBank of Montreal$68MN/AJan 22, 2018-0.43
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.38
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.38