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29 Stocks and 71 ETFs for diversifying UAE (ISHARES MSCI UAE ETF)

The least correlated asset to UAE (ISHARES MSCI UAE ETF) is company TMD Energy (TMDE). The correlation is -0.7794.

Stocks that lowly correlated with UAE

SymbolName
Market cap
SectorIndustry
Correlation
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.78
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.62
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.57
TURBTurbo Energy S.A.$7.58MTechnologySolar-0.57
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.53
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.53
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.52
OKURReneo Pharmaceuticals Inc - Class A$59MHealthcareBiotechnology-0.52
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.50
IBACRIB Acquisition Corp$489KN/AN/A-0.50
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.49
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.48
HYAC-UHaymaker Acquisition Corp 4 - Units (1 Ord Class A & 1/2 War)$65MN/AN/A-0.47
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.47
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.46
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.46
EONRHNR Acquisition Corp$21MEnergyOil & Gas E&p-0.45
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.44
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.44
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.43
FBYDFalcon`s Beyond Global Inc - Class A$617MIndustrialsConglomerates-0.43
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.42
MCACUConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)$70MFinancial ServicesShell Companies-0.42
GROBrazil Potash Corp$121MBasic MaterialsOther Industrial Metals & Mining-0.39
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.39
XCHXCHG Ltd$1.46BIndustrialsSpecialty Industrial Machinery-0.38
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.38
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.38
ZBAOZhibao Technology Inc$9.18MFinancial ServicesInsurance Brokers-0.38

ETFs that lowly correlated with UAE

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.77
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.77
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.66
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.65
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.65
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.65
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.65
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.64
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.64
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.64
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.64
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.64
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.63
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.63
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.63
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.62
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.62
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.62
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.62
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.62
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.62
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.62
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.62
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.62
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.61
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.61
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.60
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.60
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.59
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.59
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.57
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.57
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.57
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.55
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.54
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.54
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.53
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.53
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.53
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.52
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.51
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.51
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.50
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.50
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.50
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.50
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.49
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.47
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.47
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.47
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.47
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.47
OILDBank of Montreal$53MN/ANov 8, 2021-0.45
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.44
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.44
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.43
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.43
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.43
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.42
COYYGRANITESHARES YIELDBOOST COIN ETF $21M1.07%Jul 28, 2025-0.42
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.41
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.41
RSBYRETURN STACKED(R) BONDS & FUTURES YIELD ETF $64M1.01%Aug 20, 2024-0.41
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.40
USEUSCF ENERGY COMMODITY STRATEGY ABSOLUTE RETURN FUND $2.60M0.79%May 3, 2023-0.39
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.39
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.38
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.38
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.38
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.37
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.37