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High CorrelationLow Correlation

36 Stocks and 64 ETFs for diversifying CDW (CDW)

The least correlated asset to CDW (CDW) is ETF METD (DIREXION DAILY META BEAR 1X SHARES). The correlation is -0.6405.

Stocks that lowly correlated with CDW

SymbolName
Market cap
SectorIndustry
Correlation
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.59
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.58
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.54
CGCTCartesian Growth Corp III - Class A$283MFinancial ServicesShell Companies-0.53
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.50
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$69MFinancial ServicesShell Companies-0.49
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.49
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.48
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.47
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.46
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.45
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.45
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.45
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.44
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.43
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.43
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.43
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.40
RIBBRibbon Acquisition Corp$42MFinancial ServicesShell Companies-0.40
RALRalliant Corporation$6.99BN/AN/A-0.40
HMRSports Properties Acquisition Corp$73MIndustrialsMarine Shipping-0.39
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.39
DTSQUDT Cloud Star Acquisition Corp - Units (1Ord & 1 Rts)$75MFinancial ServicesShell Companies-0.38
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.38
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.38
JLHLJulong Holding Ltd - Class A$457MIndustrialsBuilding Products & Equipment-0.38
BAYAUBayview Acquisition Corp - Units (1 Ord & 1 Right)$33MFinancial ServicesShell Companies-0.37
TPETTrio Petroleum Corp$3.76MEnergyOil & Gas E&p-0.36
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.36
QETAQuetta Acquisition Corp$43MFinancial ServicesShell Companies-0.36
ATIIUArchimedes Tech SPAC Partners II Co. - Units (1 Ord & 1/2 War)$294MFinancial ServicesShell Companies-0.35
SIMAUSIM Acquisition Corp I$251MFinancial ServicesShell Companies-0.35
SKKSKK Holdings Ltd$7.37MIndustrialsEngineering & Construction-0.35
FBLGFibroBiologics Inc$4.23MHealthcareBiotechnology-0.35
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.35
MACIUMelar Acquisition Corp I - Units (1 Ord Class A & 1 War)$197MFinancial ServicesShell Companies-0.34

ETFs that lowly correlated with CDW

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.64
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.63
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.62
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.62
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.61
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.61
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.60
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.59
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.59
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.59
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.58
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.58
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.58
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.58
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.58
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.57
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.56
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.56
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.56
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.56
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.56
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.55
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.55
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.54
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.54
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.53
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.53
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.53
SLVRSprott Silver Miners & Physical Silver ETF$794M0.65%Jan 14, 2025-0.52
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.52
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.52
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.50
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.50
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.50
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.50
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.49
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.49
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.49
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.48
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.48
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.48
QCMUDirexion Daily QCOM Bull 2X ETF$22MN/AJun 24, 2025-0.48
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.47
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.46
BFRZInnovator Equity Managed 100 Buffer ETF$124M0.89%May 12, 2025-0.44
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.41
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.41
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.40
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.40
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.39
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.39
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.38
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.37
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.37
CSCLDirexion Daily CSCO Bull 2X ETF$5MN/AJun 24, 2025-0.37
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.37
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.36
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.36
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.36
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.36
ELILDirexion Daily LLY Bull 2X Shares$18MN/AMar 25, 2025-0.36
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.34
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.34
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $29M0.98%Dec 10, 2024-0.33