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High CorrelationLow Correlation

42 Stocks and 58 ETFs for diversifying Alaska Air Group (ALK)

The least correlated asset to Alaska Air Group (ALK) is ETF METD (DIREXION DAILY META BEAR 1X SHARES). The correlation is -0.7102.

Stocks that lowly correlated with ALK

SymbolName
Market cap
SectorIndustry
Correlation
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.59
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.58
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.55
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.55
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.55
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.54
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.54
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.53
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.51
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.51
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.50
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.50
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.49
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.48
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.47
EDHLEverbright Digital Holding Ltd$4.80MCommunication ServicesAdvertising Agencies-0.47
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.46
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.45
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.45
PLMKPlum Acquisition Corp IV - Class A$197MFinancial ServicesShell Companies-0.44
ULSUL Solutions Inc - Class A$20BIndustrialsSpecialty Business Services-0.43
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.43
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.43
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.42
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.41
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.41
BACQUMerlin Inc - Units (1Ord Class A & 1 Rights)$781MFinancial ServicesShell Companies-0.41
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.40
EONRHNR Acquisition Corp$22MEnergyOil & Gas E&p-0.40
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.40
OKURReneo Pharmaceuticals Inc - Class A$59MHealthcareBiotechnology-0.40
POLEAndretti Acquisition Corp II - Class A$247MFinancial ServicesShell Companies-0.40
RYDERyde Group Ltd - Class A$4.70MTechnologySoftware - Application-0.39
SZZLUSizzle Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$70MFinancial ServicesShell Companies-0.39
SVCCUStellar V Capital Corp - Units (1 Ord Cls A & 1/2 War)$165MFinancial ServicesShell Companies-0.38
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.38
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.38
BCAXBicara Therapeutics Inc$1.41BHealthcareBiotechnology-0.37
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.37
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.37
HONDUHCM II Acquisition Corp Unit$483MFinancial ServicesShell Companies-0.37
NVSAUNew Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$350MN/AN/A-0.37

ETFs that lowly correlated with ALK

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.71
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.70
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.68
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.67
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.66
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.65
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.65
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.65
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.64
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.63
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.62
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.62
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.61
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.61
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.61
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.60
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.60
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.60
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.59
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.59
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.58
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.57
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.57
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.57
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.57
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.57
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.55
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.54
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.54
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.54
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.53
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.53
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.52
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.51
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.51
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.50
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.49
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.48
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.47
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.46
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.45
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.44
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.43
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.43
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.43
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.42
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.42
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.42
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.41
TSLQTradr 2X Short TSLA Daily ETF$159MN/AJul 13, 2022-0.41
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.40
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.39
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.39
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.38
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.37
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.37
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.37