Skip to main content

Want a detailed portfolio tracker?

OverviewPerformanceMetricsFinancialsETFsIndustryCorrelations
High CorrelationLow Correlation

33 Stocks and 67 ETFs for diversifying Applied Optoelectronics (AAOI)

The least correlated asset to Applied Optoelectronics (AAOI) is ETF XLVI (STATE STREET(R) HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF). The correlation is -0.8453.

Stocks that lowly correlated with AAOI

SymbolName
Market cap
SectorIndustry
Correlation
NSRXNasus Pharma Ltd$28MHealthcareDrug Manufacturers - General-0.75
LSBKLake Shore Bancorp Inc$134MFinancial ServicesBanks - Regional-0.74
CTWOCOtwo Advisors Physical European Carbon Allowance Trust$1.85MN/AN/A-0.67
BBOTBridgeBio Oncology Therapeutics Inc Com$674MHealthcareBiotechnology-0.65
SPEGUSilver Pegasus Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.58
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.58
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.57
AOMDAngel Oak Mortgage REIT Inc$622MN/AN/A-0.56
WGRXWellgistics Health Inc$6.79MHealthcarePharmaceutical Retailers-0.56
HSPTHorizon Space Acquisition II Corp$61MFinancial ServicesShell Companies-0.55
BACCBlue Acquisition Corp - Class A$214MFinancial ServicesShell Companies-0.53
JENAJena Acquisition Corporation II Class A$242MFinancial ServicesShell Companies-0.52
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.52
HSPTUHorizon Space Acquisition II Corp - Unit (1 Ordinary share & 1 Rts)$11MFinancial ServicesShell Companies-0.50
DRDBWRoman DBDR Acquisition Corp II Warrants$8.22MN/AN/A-0.49
FVNNRFuture Vision II Acquisition Corporation Right$341KN/AN/A-0.48
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.48
WTGURWintergreen Acquisition Corp$237KN/AN/A-0.47
FGLFounder Group Ltd$2.30MIndustrialsEngineering & Construction-0.47
UBXGU-BX Technology Ltd$6.42MCommunication ServicesAdvertising Agencies-0.46
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.45
BACQBleichroeder Acquisition Corp I - Class A$545MFinancial ServicesShell Companies-0.45
KMTSKestra Medical Technologies Ltd$1.44BHealthcareMedical Instruments & Supplies-0.45
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.44
LBGJLi Bang International Corp Inc$189KIndustrialsSpecialty Industrial Machinery-0.44
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.44
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.44
NOEMRCO2 Energy Transition Corp$416KN/AN/A-0.44
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies-0.43
GIBOGIBO Holdings Ltd$106MCommunication ServicesInternet Content & Information-0.43
TACHUTitan Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$691MFinancial ServicesShell Companies-0.42
LHSWLianhe Sowell International Group Ltd$7.03MTechnologySoftware - Infrastructure-0.42
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.41

ETFs that lowly correlated with AAOI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XLVISTATE STREET(R) HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$16M0.35%Jul 29, 2025-0.85
DVXVWEBs Defined Volatility XLV ETF$480K0.89%Jul 22, 2025-0.75
SLDRGLOBAL X SHORT-TERM TREASURY LADDER ETF $39M0.12%Sep 9, 2024-0.64
XLFISTATE STREET(R) FINANCIAL SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $5.80M0.35%Jul 29, 2025-0.62
BRKWROUNDHILL BRKB WEEKLYPAY ETF $16MN/AJun 17, 2025-0.62
HBDCHilton BDC Corporate Bond ETF$84M0.39%Jun 10, 2025-0.61
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.61
AALGLEVERAGE SHARES 2X LONG AAL DAILY ETF $5.30MN/AJul 10, 2025-0.61
BRKCYIELDMAX(R) BRK.B OPTION INCOME STRATEGY ETF $9.30M1.01%Jun 4, 2025-0.60
RSBARETURN STACKED(R) BONDS & MERGER ARBITRAGE ETF $50M1.01%Dec 17, 2024-0.58
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.54
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.54
JABSJANUS HENDERSON ASSET-BACKED SECURITIES ETF $135M0.33%Jul 22, 2025-0.53
KMLIKraneShares 2x Long MELI Daily ETF$8.80MN/AApr 4, 2025-0.53
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.53
FFOXFUNDX FUTURE FUND OPPORTUNITIES ETF $240M1.02%Jun 9, 2025-0.52
XLIISTATE STREET(R) INDUSTRIAL SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $7.70M0.35%Jul 29, 2025-0.52
ZTWOF/M 2-YEAR INVESTMENT GRADE CORPORATE BOND ETF $18M0.15%Jan 10, 2024-0.52
JOYTJPMORGAN EQUITY AND OPTIONS TOTAL RETURN ETF $94M0.35%Aug 18, 2025-0.51
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.51
TFNST. ROWE PRICE FINANCIALS ETF $14M0.44%Jun 11, 2025-0.50
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.49
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.49
DVXFWEBs Defined Volatility XLF ETF$251K0.89%Jul 22, 2025-0.49
CPHYFm Compoundr High Yield Bond ETF$6.20M0.35%Aug 11, 2025-0.48
MLDRGLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF $8.80M0.12%Sep 9, 2024-0.48
JHLNJOHN HANCOCK GLOBAL SENIOR LOAN ETF $633M0.59%Aug 19, 2025-0.48
MYCHSPDR SSGA MY2028 CORPORATE BOND ETF $636M0.15%Sep 23, 2024-0.47
BFRZInnovator Equity Managed 100 Buffer ETF$137M0.89%May 12, 2025-0.47
ODHYOBRA DEFENSIVE HIGH YIELD ETF$5.10M0.50%Jun 30, 2025-0.46
BSJXInvesco BulletShares 2033 High Yield Corporate Bond ETF$20M0.42%Jun 11, 2025-0.46
MYCGSPDR SSGA My2027 Corporate Bond ETF$34M0.15%Sep 23, 2024-0.46
JAPNHORIZON KINETICS JAPAN OWNER OPERATOR ETF $23M0.85%May 12, 2025-0.46
MUNBNORTHERN TRUST 2035 TAX-EXEMPT DISTRIBUTING LADDER ETF $14M0.18%Aug 18, 2025-0.46
ZTREF/M 3-YEAR INVESTMENT GRADE CORPORATE BOND ETF $40M0.15%Jan 10, 2024-0.46
VGMSVANGUARD MULTI-SECTOR INCOME BOND ETF ETF SHARES$235M0.30%Jun 9, 2025-0.45
TIIVAAM TODD INTERNATIONAL INTRINSIC VALUE ETF $31M0.54%Jul 24, 2025-0.45
XLYISTATE STREET(R) CONSUMER DISCRETIONARY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $2.10M0.35%Jul 29, 2025-0.45
MUNYVANGUARD NEW YORK TAX-EXEMPT BOND ETF ETF SHARES$447M0.09%May 20, 2025-0.45
MUNCNORTHERN TRUST 2045 TAX-EXEMPT DISTRIBUTING LADDER ETF $8.20M0.18%Aug 18, 2025-0.44
SJLDSANJAC ALPHA LOW DURATION ETF $2.50M0.35%Sep 9, 2024-0.44
BLSTBLUEMONTE SHORT TERM BOND ETF $167M0.23%Jun 20, 2025-0.44
QBSFALLIANZIM U.S. EQUITY BUFFER15 ETF $36M0.64%Jun 30, 2025-0.44
LDRCISHARES IBONDS 1-5 YEAR CORPORATE LADDER ETF $98M0.10%Nov 7, 2024-0.43
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.43
DEFRAPTUS DEFERRED INCOME ETF$139M0.79%May 13, 2025-0.43
NFXSDIREXION DAILY NFLX BEAR 1X SHARES $5.40M1.03%Oct 2, 2024-0.43
QALTSEI DBI MULTI-STRATEGY ALTERNATIVE ETF $194M0.80%Jun 30, 2023-0.43
TAXINORTHERN TRUST INTERMEDIATE TAX-EXEMPT BOND ETF $160M0.05%Aug 18, 2025-0.42
EXUSMACQUARIE FOCUSED INTERNATIONAL CORE ETF $95M0.59%Jun 17, 2025-0.42
CAFXCONGRESS INTERMEDIATE BOND ETF $325M0.35%Sep 9, 2024-0.42
LVDSJPMORGAN FUNDAMENTAL DATA SCIENCE LARGE VALUE ETF $106M0.30%Feb 28, 2003-0.42
BASVBROWN ADVISORY SUSTAINABLE VALUE ETF $408M0.71%Jun 13, 2025-0.42
AUSMAllspring Ultra Short Municipal ETF$31M0.18%Jul 7, 2025-0.42
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.42
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.42
OTGLOTG LATIN AMERICA ETF $28M0.95%May 7, 2019-0.41
RINTRUSSELL INVESTMENTS INTERNATIONAL DEVELOPED EQUITY ETF $139M0.49%May 13, 2025-0.41
WNTRYieldMax Short MSTR Option Income Strategy ETF$81M1.00%Mar 26, 2025-0.41
MYCFSPDR SSGA MY2026 CORPORATE BOND ETF $48M0.15%Sep 23, 2024-0.41
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $276M0.98%May 13, 2019-0.41
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.41
BOXAALPHA ARCHITECT AGGREGATE BOND ETF $15M0.23%Dec 17, 2024-0.40
SMSTDEFIANCE DAILY TARGET 2X SHORT MSTR ETF $49MN/AAug 20, 2024-0.40
MSTZT-REX 2X INVERSE MSTR DAILY TARGET ETF $148MN/ASep 17, 2024-0.40
LCOWPACER S&P 500 QUALITY FCF ARISTOCRATS ETF $26M0.49%May 6, 2025-0.40
GINDGoldman Sachs India Equity ETF$164M0.75%Apr 1, 2025-0.40