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34 Stocks and 66 ETFs for diversifying Applied Optoelectronics (AAOI)

The least correlated asset to Applied Optoelectronics (AAOI) is company COtwo Advisors Physical European Carbon Allowance Trust (CTWO). The correlation is -0.739.

Stocks that lowly correlated with AAOI

SymbolName
Market cap
SectorIndustry
Correlation
CTWOCOtwo Advisors Physical European Carbon Allowance Trust$1.73MN/AN/A-0.74
AOMDAngel Oak Mortgage REIT Inc$622MN/AN/A-0.65
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.64
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.62
UYSCRUY Scuti Acquisition Corp$277KN/AN/A-0.60
KKRTKKR & Co. Inc$22BN/AN/A-0.58
DRDBWRoman DBDR Acquisition Corp II Warrants$8.22MN/AN/A-0.55
HSPTHorizon Space Acquisition II Corp$61MFinancial ServicesShell Companies-0.55
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.54
HSPTUHorizon Space Acquisition II Corp - Unit (1 Ordinary share & 1 Rts)$25MFinancial ServicesShell Companies-0.54
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.52
FGLFounder Group Ltd$2.30MIndustrialsEngineering & Construction-0.51
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.50
DRDBURoman DBDR Acquisition Corp II - Units (1 Ord Cls A & 1/2 War)$243MFinancial ServicesShell Companies-0.48
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.48
PMTWPennymac Mortgage Investment Trust$2.23BN/AN/A-0.47
BACQBleichroeder Acquisition Corp I - Class A$545MFinancial ServicesShell Companies-0.45
BUSEPFirst Busey Corp$2.18BFinancial ServicesBanks - Regional-0.44
EGHAEGH Acquisition Corp - Class A$212MFinancial ServicesShell Companies-0.44
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.44
TWODTwo Harbors Investment Corp$2.67BN/AN/A-0.44
COLAUColumbus Acquisition Corp - Units ( Ord Cls A & 1 Rts)$62MFinancial ServicesShell Companies-0.43
HKITHitek Global Inc$4.63MTechnologyInformation Technology Services-0.42
DXSTDecent Holding Inc$1.65MIndustrialsWaste Management-0.42
TACHUTitan Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$691MFinancial ServicesShell Companies-0.42
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.42
NOEMRCO2 Energy Transition Corp$537KN/AN/A-0.41
AFJKRAimei Health Technology Co Ltd$617KN/AN/A-0.40
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.40
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.39
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.38
FVNNRFuture Vision II Acquisition Corporation Right$198KN/AN/A-0.38
GENQUESGL Holdings Ltd - Units (1 Ord Share Class A & 1 War)$99MN/AN/A-0.38
CMDBCostamare Bulkers Holdings Ltd$409MIndustrialsMarine Shipping-0.38

ETFs that lowly correlated with AAOI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SLDRGLOBAL X SHORT-TERM TREASURY LADDER ETF $40M0.12%Sep 9, 2024-0.72
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.69
HBDCHilton BDC Corporate Bond ETF$86M0.39%Jun 10, 2025-0.62
RSBARETURN STACKED(R) BONDS & MERGER ARBITRAGE ETF $53M1.01%Dec 17, 2024-0.60
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.60
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.60
ZTWOF/M 2-YEAR INVESTMENT GRADE CORPORATE BOND ETF $18M0.15%Jan 10, 2024-0.59
AGGAEA ASTORIA DYNAMIC CORE US FIXED INCOME ETF $76M0.55%Apr 30, 2025-0.59
VGMSVanguard MultiSector Income Bond ETF$215M0.30%Jun 9, 2025-0.58
DEFRAPTUS DEFERRED INCOME ETF$116M0.79%May 13, 2025-0.58
ZTREF/M 3-YEAR INVESTMENT GRADE CORPORATE BOND ETF $41M0.15%Jan 10, 2024-0.56
LDRCISHARES IBONDS 1-5 YEAR CORPORATE LADDER ETF $77M0.10%Nov 7, 2024-0.56
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.56
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.56
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.55
BRKWROUNDHILL BRKB WEEKLYPAY ETF $16MN/AJun 17, 2025-0.55
BFRZInnovator Equity Managed 100 Buffer ETF$124M0.89%May 12, 2025-0.54
MUNYVanguard New York TaxExempt Bond ETF$372M0.09%May 20, 2025-0.54
BSJXInvesco BulletShares 2033 High Yield Corporate Bond ETF$10M0.42%Jun 11, 2025-0.53
SJLDSANJAC ALPHA LOW DURATION ETF $2.50M0.35%Sep 9, 2024-0.53
KNRGSimplify Kayne Anderson Energy and Infrastructure Credit ETF$145M0.76%May 27, 2025-0.53
BRKCYIELDMAX(R) BRK.B OPTION INCOME STRATEGY ETF $7.20M1.01%Jun 4, 2025-0.52
MLDRGLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF $9.30M0.12%Sep 9, 2024-0.52
MYCHSPDR SSGA My2028 Corporate Bond ETF$418M0.15%Sep 23, 2024-0.52
MMSDIQ MACKAY MUNICIPAL SHORT DURATION ETF $62M0.25%May 5, 2025-0.51
MYCGSPDR SSGA My2027 Corporate Bond ETF$30M0.15%Sep 23, 2024-0.50
ODHYOBRA DEFENSIVE HIGH YIELD ETF$5.10M0.50%Jun 30, 2025-0.50
CAFXCONGRESS INTERMEDIATE BOND ETF $325M0.35%Sep 9, 2024-0.50
INVGGMO SYSTEMATIC INVESTMENT GRADE CREDIT ETF $28M0.25%Jun 3, 2025-0.48
BILZPIMCO ULTRA SHORT GOVERNMENT ACTIVE EXCHANGE-TRADED FUND $874M0.14%Jun 21, 2023-0.47
GDXYYIELDMAX(R) GOLD MINERS OPTION INCOME STRATEGY ETF $283M1.00%May 20, 2024-0.47
MYCFSPDR SSGA My2026 Corporate Bond ETF$46M0.15%Sep 23, 2024-0.47
CLIPGLOBAL X 1-3 MONTH T-BILL ETF $2.50B0.07%Jun 20, 2023-0.46
VTELVanguard LongTerm TaxExempt Bond ETF$259M0.09%May 20, 2025-0.46
BSCZInvesco BulletShares 2035 Corporate Bond ETF$234M0.10%Jun 11, 2025-0.45
EDGF3EDGE DYNAMIC FIXED INCOME ETF $506M0.79%Oct 2, 2024-0.45
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.44
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $339M0.98%May 13, 2019-0.43
MYCISPDR SSGA My2029 Corporate Bond ETF$35M0.15%Sep 23, 2024-0.43
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.42
EXUSMACQUARIE FOCUSED INTERNATIONAL CORE ETF$68M0.59%Jun 17, 2025-0.42
GENTGENTER CAPITAL TAXABLE QUALITY INTERMEDIATE ETF $92M0.38%May 21, 2024-0.42
TSLSDirexion Daily TSLA Bear 1X Shares$76M0.95%Aug 8, 2022-0.42
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.42
TJUNFT Vest Emerging Markets Buffer ETF June$2.30M0.95%Jun 18, 2025-0.42
IAUINEOS GOLD HIGH INCOME ETF $427M0.79%Jun 4, 2025-0.41
YGLDSimplify Gold Strategy PLUS Income ETF$49M0.53%Dec 2, 2024-0.41
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.41
MBSFREGAN FLOATING RATE MBS ETF $201M0.49%Feb 27, 2024-0.40
MTRAINVESCO INTERNATIONAL GROWTH FOCUS ETF $142M0.54%Jun 11, 2025-0.40
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.40
KMLIKraneShares 2x Long MELI Daily ETF$6.50MN/AApr 4, 2025-0.40
LCOWPACER S&P 500 QUALITY FCF ARISTOCRATS ETF $23M0.49%May 6, 2025-0.39
NFXSDIREXION DAILY NFLX BEAR 1X SHARES $5M1.03%Oct 2, 2024-0.39
SMSTDEFIANCE DAILY TARGET 2X SHORT MSTR ETF $31MN/AAug 20, 2024-0.39
TUASIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF $802M0.25%Nov 14, 2022-0.39
TSLQTradr 2X Short TSLA Daily ETF$159MN/AJul 13, 2022-0.39
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.38
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.38
STOXHORIZON CORE EQUITY ETF $132M0.70%Jun 25, 2025-0.38
MSTZT-REX 2X INVERSE MSTR DAILY TARGET ETF $110MN/ASep 17, 2024-0.38
WNTRYieldMax Short MSTR Option Income Strategy ETF$72M1.00%Mar 26, 2025-0.38
MYCJSPDR SSGA My2030 Corporate Bond ETF$40M0.15%Sep 23, 2024-0.38
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.38
AUMITHEMES GOLD MINERS ETF $30M0.35%Dec 12, 2023-0.38
IRVHGLOBAL X INTEREST RATE VOLATILITY & INFLATION HEDGE ETF $1.40M0.45%Jul 5, 2022-0.38