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35 Stocks and 65 ETFs for diversifying Algoma Steel Group (ASTL)

The least correlated asset to Algoma Steel Group (ASTL) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with ASTL

SymbolName
Market cap
SectorIndustry
Correlation
MENSJyong Biotech Ltd$164MHealthcareBiotechnology-0.68
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.59
PVLAPalvella Therapeutics Inc$1.66BHealthcareBiotechnology-0.56
SUPXSuper X AI Technology Ltd$299MTechnologySoftware - Infrastructure-0.56
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.52
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.52
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.49
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.49
PMNTPerfect Moment Ltd$7.77MConsumer CyclicalApparel Manufacturing-0.46
NOEMRCO2 Energy Transition Corp$537KN/AN/A-0.46
INHDInno Holdings Inc$9.59MBasic MaterialsSteel-0.46
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.46
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.44
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.44
CHARRCharlton Aria Acquisition Corporation Rights$226KN/AN/A-0.44
ENGSEnergys Group Ltd$12MIndustrialsWaste Management-0.44
NAMIJinxin Technology Holding Company$34MCommunication ServicesInternet Content & Information-0.44
AKUSAkouos Inc$490MN/AN/A-0.43
DYCQDT Cloud Acquisition Corp$23MFinancial ServicesShell Companies-0.43
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.43
ATPCAgape ATP Corp$2.85MConsumer DefensivePackaged Foods-0.43
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.43
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.42
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.39
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.39
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.38
INTGIntergroup Corp$87MConsumer CyclicalLodging-0.37
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.37
MLGOMicroAlgo Inc$43MTechnologySoftware - Infrastructure-0.37
XRPNArmada Acquisition Corp II - Class A$328MFinancial ServicesShell Companies-0.37
ZSPCZspace Inc$2.96MTechnologyComputer Hardware-0.35
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.34
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.34
SVIIUSpring Valley Acquisition Corp II - Units (1 Ord Class A 1 Right & 1/2 War)$29MFinancial ServicesShell Companies-0.34
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.34

ETFs that lowly correlated with ASTL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.74
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.64
PCIPGIM Corporate Bond 5-10 Year ETF$525M0.25%Jul 29, 2025-0.64
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.63
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.61
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.60
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.60
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.59
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.56
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.54
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.54
TIPDDirexion Daily TIPS Bear 2X Shares$4M0.10%Aug 18, 2025-0.54
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.54
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.53
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.53
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.52
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.49
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.49
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.49
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.48
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.48
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.48
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.48
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.47
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.47
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.47
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.46
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.45
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.45
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.44
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.44
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.44
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.44
LDRIISHARES IBONDS 1-5 YEAR TIPS LADDER ETF $19M0.10%Nov 7, 2024-0.43
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.43
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.43
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.42
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.42
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.42
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.41
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.41
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.41
LFBEStone Ridge 2065 Longevity Income ETF$3.20M0.25%Jan 3, 2025-0.40
SLDRGLOBAL X SHORT-TERM TREASURY LADDER ETF $40M0.12%Sep 9, 2024-0.40
MLDRGLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF $9.30M0.12%Sep 9, 2024-0.38
RTXGLeverage Shares 2X Long RTX Daily ETF$4MN/AJun 5, 2025-0.38
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.38
TOAKTWIN OAK SHORT HORIZON ABSOLUTE RETURN ETF $79M0.25%Aug 19, 2024-0.38
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.38
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.38
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.38
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.37
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.37
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $26MN/AApr 24, 2025-0.37
ILSBROOKMONT CATASTROPHIC BOND ETF $75M1.58%Mar 31, 2025-0.36
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.36
EDGF3EDGE DYNAMIC FIXED INCOME ETF $506M0.79%Oct 2, 2024-0.36
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.35
CSCSDirexion Daily CSCO Bear 1X ETF$1.80M1.00%Jun 24, 2025-0.35
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.35
FLSPFRANKLIN SYSTEMATIC STYLE PREMIA ETF $896M0.65%Dec 18, 2019-0.35
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.35
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.34