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40 Stocks and 60 ETFs for diversifying Algoma Steel Group (ASTL)

The least correlated asset to Algoma Steel Group (ASTL) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with ASTL

SymbolName
Market cap
SectorIndustry
Correlation
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.67
MENSJyong Biotech Ltd$174MHealthcareBiotechnology-0.61
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.60
EMPGEmpro Group Inc$139MHealthcareMedical Distribution-0.59
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.55
OMDAOmada Health Inc$1.41BHealthcareHealth Information Services-0.53
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.53
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.51
VWAVVisionWave Holdings Inc$85MIndustrialsAerospace & Defense-0.51
DGNXDiginex Ltd$28MIndustrialsConsulting Services-0.51
ENGSEnergys Group Ltd$12MIndustrialsWaste Management-0.49
SUPXSuper X AI Technology Ltd$228MTechnologySoftware - Infrastructure-0.49
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.49
NOEMRCO2 Energy Transition Corp$416KN/AN/A-0.48
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.45
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.44
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.44
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.44
AKUSAkouos Inc$490MN/AN/A-0.43
CHARRCharlton Aria Acquisition Corporation Rights$206KN/AN/A-0.43
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.43
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.43
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.42
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.42
GIBOGIBO Holdings Ltd$106MCommunication ServicesInternet Content & Information-0.41
WGRXWellgistics Health Inc$6.79MHealthcarePharmaceutical Retailers-0.40
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.40
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.40
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.40
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.39
INTGIntergroup Corp$82MConsumer CyclicalLodging-0.38
BBOTBridgeBio Oncology Therapeutics Inc Com$674MHealthcareBiotechnology-0.38
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.38
DYCQDT Cloud Acquisition Corp$23MFinancial ServicesShell Companies-0.38
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.37
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.37
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.36
MLGOMicroAlgo Inc$31MTechnologySoftware - Infrastructure-0.36
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.36
RAAQReal Asset Acquisition Corp - Class A$231MFinancial ServicesShell Companies-0.35

ETFs that lowly correlated with ASTL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.89
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.65
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.61
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.60
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.59
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.57
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.57
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.57
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.57
PCIPGIM Corporate Bond 5-10 Year ETF$534M0.25%Jul 29, 2025-0.54
RBLYYIELDMAX(R) RBLX OPTION INCOME STRATEGY ETF $2.40M0.99%Jul 28, 2025-0.53
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.53
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.51
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.51
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.51
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.50
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.50
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.50
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.49
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.48
TIPDNORTHERN TRUST 2055 INFLATION-LINKED DISTRIBUTING LADDER ETF $2M0.10%Aug 18, 2025-0.48
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.48
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.47
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.47
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.47
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.47
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.47
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.46
TEMTTRADR 2X LONG TEM DAILY ETF $56MN/AMay 12, 2025-0.45
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.45
PDDLGRANITESHARES 2X LONG PDD DAILY ETF $7.60MN/AJul 14, 2025-0.45
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.45
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.44
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.44
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.44
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.42
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.42
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.42
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.41
ILSBROOKMONT CATASTROPHIC BOND ETF $77M1.58%Mar 31, 2025-0.41
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.41
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.40
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.40
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.39
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.39
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.39
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.38
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.38
BFJLFT VEST BITCOIN STRATEGY FLOOR15 ETF - JULY $3.30M0.90%Jun 27, 2025-0.37
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.37
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.37
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.37
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.37
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.37
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.36
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.36
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.36
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.36
MLDRGLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF $8.80M0.12%Sep 9, 2024-0.35