24 Stocks and 76 ETFs for diversifying XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust)
The least correlated asset to XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is ETF TNGY (TORTOISE ENERGY ETF). The correlation is -0.7838.
Stocks that lowly correlated with XFLT
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.67 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.65 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.63 |
| NCI | Neo Concept International Group Holdings Ltd | $22M | Consumer Cyclical | Apparel Manufacturing | -0.63 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.52 |
| LPAAU | Launch One Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $247M | Financial Services | Shell Companies | -0.49 |
| GSRM | Bitcoin Depot Inc - Class A | $54M | N/A | N/A | -0.47 |
| HYAC-U | Haymaker Acquisition Corp 4 - Units (1 Ord Class A & 1/2 War) | $65M | N/A | N/A | -0.46 |
| HMCO | HumanCo Acquisition Corp - Class A | $387M | N/A | N/A | -0.46 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.46 |
| ANNA | AleAnna Inc - Class A | $122M | Energy | Oil & Gas E&p | -0.45 |
| EONR | HNR Acquisition Corp | $22M | Energy | Oil & Gas E&p | -0.45 |
| STBX | Starbox Group Holdings Ltd | $1.14M | Communication Services | Internet Content & Information | -0.44 |
| TURB | Turbo Energy S.A. | $7.58M | Technology | Solar | -0.44 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.43 |
| HOND | HCM II Acquisition Corp. Class A Ordinary Shares | $519M | Financial Services | Shell Companies | -0.43 |
| SDHIR | Siddhi Acquisition Corp | $1.38M | N/A | N/A | -0.43 |
| LNKS | Linkers Industries Ltd - Class A | $16M | Industrials | Electrical Equipment & Parts | -0.41 |
| FRBN | Forbion European Acquisition Corp - Class A | $343M | Financial Services | Shell Companies | -0.41 |
| LCCCR | Lakeshore Acquisition III Corp | $500K | N/A | N/A | -0.41 |
| FLAC | Frazier Lifesciences Acquisition Corp - Class A | $175M | N/A | N/A | -0.40 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.40 |
| HYAC | Haymaker Acquisition Corp. 4 | $330M | Financial Services | Shell Companies | -0.38 |
| GSHR | Gesher Acquisition Corp II - Class A | $155M | Financial Services | Shell Companies | -0.38 |