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42 Stocks and 58 ETFs for diversifying Academy Sports and Outdoors (ASO)

The least correlated asset to Academy Sports and Outdoors (ASO) is ETF EMTY (ProShares Decline of the Retail Store ETF -1x Shares). The correlation is -0.699.

Stocks that lowly correlated with ASO

SymbolName
Market cap
SectorIndustry
Correlation
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.69
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.60
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.59
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.57
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.57
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.52
WGRXWellgistics Health Inc$6.79MHealthcarePharmaceutical Retailers-0.52
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.52
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.47
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.47
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.46
SDHISiddhi Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.46
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.45
BOWBowhead Specialty Holdings Inc$982MFinancial ServicesInsurance - Property & Casualty-0.45
HCAIHuachen AI Parking Management Technology Holding Co. Ltd$10MIndustrialsFarm & Heavy Construction Machinery-0.45
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.43
OMDAOmada Health Inc$1.41BHealthcareHealth Information Services-0.43
EDHLEverbright Digital Holding Ltd$5.88MCommunication ServicesAdvertising Agencies-0.43
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.42
BACCBlue Acquisition Corp - Class A$214MFinancial ServicesShell Companies-0.42
MEOAMinority Equality Opportunities Acquisition Inc - Class A$114MN/AN/A-0.42
HPLTUHome Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War)$79MN/AN/A-0.41
LBLandbridge Company LLC. - Class A$5.70BEnergyOil & Gas Equipment & Services-0.40
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.39
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.39
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.38
SFWLShengfeng Development Ltd - Class A$56MIndustrialsIntegrated Freight & Logistics-0.38
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.37
ZYBTZhengye Biotechnology Holding Ltd$35MHealthcareDrug Manufacturers - Specialty & Generic-0.36
KMTSKestra Medical Technologies Ltd$1.44BHealthcareMedical Instruments & Supplies-0.36
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.36
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.36
WETOWetour Robotics Ltd$11MTechnologySoftware - Infrastructure-0.35
SIShoulder Innovations Inc$452MN/AN/A-0.35
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.35
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.35
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.35
SKBLSkyline Builders Group Holding Limited Class A Ordinary Shares$92MIndustrialsEngineering & Construction-0.35
RAAQReal Asset Acquisition Corp - Class A$231MFinancial ServicesShell Companies-0.35
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.34
SPEGUSilver Pegasus Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.34
LOARLoar Holdings Inc$6.61BIndustrialsAerospace & Defense-0.34

ETFs that lowly correlated with ASO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.70
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.64
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.57
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.55
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.54
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.54
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.53
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.53
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.53
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.52
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.51
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.51
BRKWROUNDHILL BRKB WEEKLYPAY ETF $16MN/AJun 17, 2025-0.50
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.50
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.50
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.50
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.50
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.50
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.49
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.49
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.49
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.49
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.49
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.48
QBProShares Nasdaq100 Dynamic Buffer ETF$2.80M0.58%Jun 24, 2025-0.48
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.48
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.48
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.48
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.47
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.47
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.45
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.44
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.44
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.43
REFACOLUMBIA RESEARCH ENHANCED INTERNATIONAL EQUITY ETF $5.60M0.32%Dec 11, 2025-0.43
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.43
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.42
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.42
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.42
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.42
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.42
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.41
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.41
BRKCYIELDMAX(R) BRK.B OPTION INCOME STRATEGY ETF $9.30M1.01%Jun 4, 2025-0.41
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.40
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.40
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.40
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.39
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.37
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.37
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.36
EMEMSOPHUS CAPITAL EMERGING MARKET ETF $61M0.65%May 19, 2026-0.36
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.36
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.35
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.35
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.35
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.34