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22 Stocks and 78 ETFs for diversifying XRMI (GLOBAL X S&P 500 RISK MANAGED INCOME ETF)

The least correlated asset to XRMI (GLOBAL X S&P 500 RISK MANAGED INCOME ETF) is ETF NFLW (ROUNDHILL NFLX WEEKLYPAY ETF). The correlation is -0.8968.

Stocks that lowly correlated with XRMI

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.78
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.61
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.52
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.51
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.51
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.50
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.50
CBIOCrescent Biopharma Inc$573MHealthcareBiotechnology-0.49
LZMHLZ Technology Holdings Ltd - Class B$9.09MTechnologyInformation Technology Services-0.49
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.49
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.49
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.49
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.47
ZYBTZhengye Biotechnology Holding Ltd$41MHealthcareDrug Manufacturers - Specialty & Generic-0.46
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.43
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.41
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.41
OPTNOptiNose Inc$112MN/AN/A-0.41
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.40
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.40
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.39
DFDVDeFi Development Corp$127MFinancial ServicesAsset Management-0.39

ETFs that lowly correlated with XRMI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.90
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.80
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.80
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.80
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.74
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.74
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.73
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.71
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.71
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.70
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.70
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.69
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.68
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.68
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.68
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.67
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.67
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.67
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.66
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.66
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.66
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.65
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.64
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.63
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.63
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.62
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.61
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.60
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.59
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.58
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.57
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.57
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.56
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.56
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.55
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.55
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.55
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.54
FNGDBank of Montreal$68MN/AJan 22, 2018-0.54
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.53
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.52
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.51
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.51
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.51
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.51
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.51
LDRIISHARES IBONDS 1-5 YEAR TIPS LADDER ETF $19M0.10%Nov 7, 2024-0.50
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.50
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.49
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.49
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.49
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.49
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.49
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.48
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.48
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.47
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.47
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.47
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.47
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.46
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.45
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.45
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.45
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.45
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.44
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.44
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.44
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.43
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.43
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.43
TSLQTradr 2X Short TSLA Daily ETF$159MN/AJul 13, 2022-0.42
TSLSDirexion Daily TSLA Bear 1X Shares$76M0.95%Aug 8, 2022-0.41
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.40
GGLSDIREXION DAILY GOOGL BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.40
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.40
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.39
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.39
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.38