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47 Stocks and 53 ETFs for diversifying ALLETE, (ALE)

The least correlated asset to ALLETE, (ALE) is company Charlton Aria Acquisition Corp - Units (1 Ord Cls A & 1 Rts) (CHARU). The correlation is -0.7853.

Stocks that lowly correlated with ALE

SymbolName
Market cap
SectorIndustry
Correlation
CHARUCharlton Aria Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$21MFinancial ServicesShell Companies-0.79
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.69
RITRReitar Logtech Holdings Ltd - Class A$31MIndustrialsEngineering & Construction-0.69
CUBWULionheart Holdings - Units (1 Ord Class A & 1 War)$250MFinancial ServicesShell Companies-0.67
UFGUni Fuels Holdings Ltd - Class A$24MIndustrialsMarine Shipping-0.63
ZYBTZhengye Biotechnology Holding Ltd$41MHealthcareDrug Manufacturers - Specialty & Generic-0.62
VNTGVantage Corp - Class A$19MIndustrialsMarine Shipping-0.61
AAM-UAA Mission Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$82MN/AN/A-0.59
JBSJBS N.V. - Class A$14BConsumer DefensivePackaged Foods-0.59
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.58
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.56
NWGLNature Wood Group Ltd$13MBasic MaterialsLumber & Wood Production-0.48
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.48
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.47
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.46
GMHSGamehaus Holdings Inc$49MCommunication ServicesElectronic Gaming & Multimedia-0.44
UCFICN Healthy Food Tech Group Corp$288MFinancial ServicesShell Companies-0.43
IROHIron Horse Acquisitions Corp$263MFinancial ServicesShell Companies-0.43
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.43
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.42
WETOWebus International Ltd$11MTechnologySoftware - Infrastructure-0.42
DNTHDianthus Therapeutics Inc$4.73BHealthcareBiotechnology-0.42
INVInnventure Inc$513MFinancial ServicesAsset Management-0.41
LUDLuda Technology Group Ltd$104MBasic MaterialsSteel-0.40
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.40
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.39
LPBBULaunch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War)$247MFinancial ServicesShell Companies-0.38
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.38
MNDRMobile health Network Solutions - Class A$165KHealthcareHealth Information Services-0.38
FGLFounder Group Ltd$2.30MIndustrialsEngineering & Construction-0.38
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.37
VACHUVoyager Acquisition Corp - Units (1 Ord Class A & 1/2 War)$80MFinancial ServicesShell Companies-0.37
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.36
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.35
ILAGIntelligent Living Application Group Inc$7.75MIndustrialsBuilding Products & Equipment-0.35
AIREreAlpha Tech Corp$12MReal EstateReal Estate Services-0.34
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.33
SDMSmart Digital Group Ltd$59MCommunication ServicesAdvertising Agencies-0.33
APRNBlue Apron Holdings Inc - Class A$100MN/AN/A-0.33
NOEMCO2 Energy Transition Corp$72MFinancial ServicesShell Companies-0.33
GCTS-WSGCT Semiconductor Holding Inc Wt Exp$36MN/AN/A-0.31
CMNDClearmind Medicine Inc$2.88MHealthcareBiotechnology-0.31
DXFN/A$2.89MFinancial ServicesCredit Services-0.31
TRSGTungray Technologies Inc - Class A$19MIndustrialsMetal Fabrication-0.31
CNLCollective Mining Ltd.$1.40BBasic MaterialsGold-0.31
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.31
MFImF International Ltd - Class A$19MTechnologySoftware - Application-0.30

ETFs that lowly correlated with ALE

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.59
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.55
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.53
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.50
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.47
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.47
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.46
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.46
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.46
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.46
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.45
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.45
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.45
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.45
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.44
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.44
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.43
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.42
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.42
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.42
KMLIKraneShares 2x Long MELI Daily ETF$6.50MN/AApr 4, 2025-0.42
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.41
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.41
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.41
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.41
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.40
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.39
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.38
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.38
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.38
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.38
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.38
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.37
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.37
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.37
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.37
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.36
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.35
CCSBCARBON COLLECTIVE SHORT DURATION GREEN BOND ETF $26M0.51%Apr 11, 2024-0.35
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.35
CTASIMPLIFY MANAGED FUTURES STRATEGY ETF $1.70B0.75%Mar 7, 2022-0.35
BRKWROUNDHILL BRKB WEEKLYPAY ETF $16MN/AJun 17, 2025-0.34
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.33
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.33
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.33
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.32
IGMEBITWISE GME OPTION INCOME STRATEGY ETF $1.30M0.96%Jun 9, 2025-0.32
MMSDIQ MACKAY MUNICIPAL SHORT DURATION ETF $62M0.25%May 5, 2025-0.32
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.31
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.31
FBLGRANITESHARES 2X LONG META DAILY ETF $185MN/ADec 12, 2022-0.31
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.31