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49 Stocks and 51 ETFs for diversifying ALLETE, (ALE)

The least correlated asset to ALLETE, (ALE) is company Delixy (DLXY). The correlation is -0.8428.

Stocks that lowly correlated with ALE

SymbolName
Market cap
SectorIndustry
Correlation
DLXYDelixy Holdings Ltd$7.64MEnergyOil & Gas Refining & Marketing-0.84
DKIDarkiris Inc - Class A$6.20MCommunication ServicesElectronic Gaming & Multimedia-0.77
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.76
CHARUCharlton Aria Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$20MFinancial ServicesShell Companies-0.73
CUBWULionheart Holdings - Units (1 Ord Class A & 1 War)$252MFinancial ServicesShell Companies-0.66
UFGUni Fuels Holdings Ltd - Class A$24MIndustrialsMarine Shipping-0.62
RITRReitar Logtech Holdings Ltd - Class A$13MIndustrialsEngineering & Construction-0.62
VNTGVantage Corp - Class A$19MIndustrialsMarine Shipping-0.61
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.61
AAM-UAA Mission Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$82MN/AN/A-0.59
ZYBTZhengye Biotechnology Holding Ltd$35MHealthcareDrug Manufacturers - Specialty & Generic-0.59
MSGYMasonglory Ltd$5.30MIndustrialsEngineering & Construction-0.58
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.56
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.52
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.49
SIShoulder Innovations Inc$452MN/AN/A-0.48
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.47
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.46
WGRXWellgistics Health Inc$6.79MHealthcarePharmaceutical Retailers-0.46
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.46
TVAIThayer Ventures Acquisition Corporation II$208MFinancial ServicesShell Companies-0.45
GMHSGamehaus Holdings Inc$46MCommunication ServicesElectronic Gaming & Multimedia-0.44
UCFICN Healthy Food Tech Group Corp$288MConsumer DefensivePackaged Foods-0.44
IROHIron Horse Acquisitions Corp$263MFinancial ServicesShell Companies-0.44
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.43
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.42
TBHCThe Brand House Collective Inc Com$21MConsumer CyclicalHome Improvement Retail-0.41
DNTHDianthus Therapeutics Inc$5.45BHealthcareBiotechnology-0.41
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.41
NWGLNature Wood Group Ltd$4.11MBasic MaterialsLumber & Wood Production-0.40
LPBBULaunch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War)$250MFinancial ServicesShell Companies-0.40
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.39
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.39
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.38
LUDLuda Technology Group Ltd$98MBasic MaterialsSteel-0.38
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.37
LSBKLake Shore Bancorp Inc$134MFinancial ServicesBanks - Regional-0.37
VACHUVoyager Acquisition Corp - Units (1 Ord Class A & 1/2 War)$80MFinancial ServicesShell Companies-0.37
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.37
FGLFounder Group Ltd$2.30MIndustrialsEngineering & Construction-0.37
INVInnventure Inc$357MFinancial ServicesAsset Management-0.37
MNDRMobile health Network Solutions - Class A$3.40MHealthcareHealth Information Services-0.36
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.35
TGHLGrowhub Ltd (The) - Class A$19MTechnologySoftware - Infrastructure-0.35
ILAGIntelligent Living Application Group Inc$7.62MIndustrialsBuilding Products & Equipment-0.35
AIREreAlpha Tech Corp$8.21MReal EstateReal Estate Services-0.35
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.35
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.34
WETOWetour Robotics Ltd$11MTechnologySoftware - Infrastructure-0.33

ETFs that lowly correlated with ALE

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.58
MUNANORTHERN TRUST 2030 TAX-EXEMPT DISTRIBUTING LADDER ETF $9M0.18%Aug 18, 2025-0.56
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.55
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.53
AUSMAllspring Ultra Short Municipal ETF$31M0.18%Jul 7, 2025-0.51
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.50
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.48
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.48
DKNXDEFIANCE DAILY TARGET 2X LONG DKNG ETF $5.40MN/AJul 30, 2025-0.47
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.47
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.46
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.46
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.45
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.45
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.45
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.44
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.44
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.43
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.43
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.43
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.43
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.43
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.42
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.42
JABSJANUS HENDERSON ASSET-BACKED SECURITIES ETF $135M0.33%Jul 22, 2025-0.42
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.42
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.41
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.41
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.39
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.39
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.39
TIPANORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF $18M0.10%Aug 18, 2025-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.38
TAXSNORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF $118M0.05%Aug 18, 2025-0.38
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.38
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.38
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.38
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.38
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.38
KMLIKraneShares 2x Long MELI Daily ETF$8.80MN/AApr 4, 2025-0.38
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.38
ASCEALLSPRING SMID CORE ETF $118M0.38%Jul 7, 2025-0.38
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.37
BRKWROUNDHILL BRKB WEEKLYPAY ETF $16MN/AJun 17, 2025-0.37
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.36
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.36
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.34
TIPBNORTHERN TRUST 2035 INFLATION-LINKED DISTRIBUTING LADDER ETF $8M0.10%Aug 18, 2025-0.34
LABXTRADR 2X LONG ALAB DAILY ETF $136MN/AAug 11, 2025-0.34
CCSBCARBON COLLECTIVE SHORT DURATION GREEN BOND ETF $26M0.51%Apr 11, 2024-0.34