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High CorrelationLow Correlation

45 Stocks and 55 ETFs for diversifying Alcoa (AA)

The least correlated asset to Alcoa (AA) is company 1RT Acquisition Corp - Units (1 Ord Cls A & 1 War) (ONCHU). The correlation is -0.707.

Stocks that lowly correlated with AA

SymbolName
Market cap
SectorIndustry
Correlation
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.71
RAAQReal Asset Acquisition Corp - Class A$231MFinancial ServicesShell Companies-0.66
GIBOGIBO Holdings Ltd$106MCommunication ServicesInternet Content & Information-0.66
FVNNRFuture Vision II Acquisition Corporation Right$341KN/AN/A-0.64
BACCBlue Acquisition Corp - Class A$214MFinancial ServicesShell Companies-0.61
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.57
DLCAUDeep Lake Capital Acquisition Corp - Units (1 Ord Class A & 1/2 War)$262MN/AN/A-0.56
SVFAUSVF Investment Corp - Units (1 Ord Share Class A & 1/5 War)$766MN/AN/A-0.54
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.54
CCVChurchill Capital Corp V - Class A$284MN/AN/A-0.54
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.53
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.53
NVSAUNew Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$350MN/AN/A-0.53
OMDAOmada Health Inc$1.41BHealthcareHealth Information Services-0.53
TSIBUTishman Speyer Innovation Corp II - Units (1 Ord Share Class A & 1/5 War)$301MN/AN/A-0.51
MONCUMonument Circle Acquisition Corp - Units (1 Ord Class A & 1/2 War)$251MN/AN/A-0.51
NCTIntercont (Cayman) Ltd$3.63MIndustrialsMarine Shipping-0.51
FVNFuture Vision II Acquisition Corporation$63MFinancial ServicesShell Companies-0.50
HMCOUHumanCo Acquisition Corp - Units (1 Ord Class A & 1/2 War)$386MN/AN/A-0.49
SWETUAthlon Acquisition Corp - Units (1 Ord Class A & 1/2 War)$277MN/AN/A-0.49
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.48
SDACUSustainable Development Acquisition I Corp - Units (1 Ord Class A & 1/2 War)$210MN/AN/A-0.48
MNTNMNTN Inc - Class A$751MTechnologySoftware - Application-0.48
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.47
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.46
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.46
BOACBluescape Opportunities Acquisition Corp - Class A$227MN/AN/A-0.46
XHLDTEN Holdings Inc$8.07MCommunication ServicesBroadcasting-0.45
BOWBowhead Specialty Holdings Inc$982MFinancial ServicesInsurance - Property & Casualty-0.43
ZYBTZhengye Biotechnology Holding Ltd$35MHealthcareDrug Manufacturers - Specialty & Generic-0.43
JBDIJBDI Holdings Ltd$12MConsumer CyclicalSpecialty Retail-0.43
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.43
ANGXAngel Studios Inc - Class A$709MCommunication ServicesEntertainment-0.42
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.42
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.41
DBTXDecibel Therapeutics Inc$123MN/AN/A-0.40
GSHRGesher Acquisition Corp II - Class A$157MFinancial ServicesShell Companies-0.40
QSEARQuartzsea Acquisition Corp$845KN/AN/A-0.40
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.40
NOACNatural Order Acquisition Corp$289MN/AN/A-0.40
SIShoulder Innovations Inc$452MN/AN/A-0.40
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.40
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.39
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.39
LPBBULaunch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War)$250MFinancial ServicesShell Companies-0.38

ETFs that lowly correlated with AA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.68
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.64
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.63
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.61
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.61
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.60
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.60
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.59
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.59
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.59
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.58
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.58
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.57
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.56
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.56
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.56
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.55
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.55
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.55
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.54
OILDBank of Montreal$53MN/ANov 8, 2021-0.54
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.53
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.53
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.53
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.52
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.52
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.52
BRKWROUNDHILL BRKB WEEKLYPAY ETF $16MN/AJun 17, 2025-0.51
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.50
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.50
BRKCYIELDMAX(R) BRK.B OPTION INCOME STRATEGY ETF $9.30M1.01%Jun 4, 2025-0.49
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.49
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.48
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.48
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.48
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.47
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.46
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.46
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.46
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.46
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.45
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.44
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.44
USSHWISDOMTREE 1-3 YEAR LADDERED TREASURY FUND $23M0.15%Mar 12, 2024-0.42
RBLYYIELDMAX(R) RBLX OPTION INCOME STRATEGY ETF $2.40M0.99%Jul 28, 2025-0.42
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.42
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.41
JAPNHORIZON KINETICS JAPAN OWNER OPERATOR ETF $23M0.85%May 12, 2025-0.41
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.40
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.40
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.40
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.40
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.39