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45 Stocks and 55 ETFs for diversifying Churchill Downs (CHDN)

The least correlated asset to Churchill Downs (CHDN) is company KING PHARMACEUTICALS (KG). The correlation is -0.6763.

Stocks that lowly correlated with CHDN

SymbolName
Market cap
SectorIndustry
Correlation
KGKING PHARMACEUTICALS INC$85MFinancial ServicesInsurance - Reinsurance-0.68
WTFWaton Financial Ltd$141MFinancial ServicesCapital Markets-0.67
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.59
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.59
NAMMNamib Minerals.$77MBasic MaterialsGold-0.55
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.53
CJMBCallan Jmb Inc$4.15MIndustrialsIntegrated Freight & Logistics-0.51
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.50
PRMBPrimo Brands Corp - Class A$8.97BConsumer DefensiveBeverages - Non-alcoholic-0.49
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.49
PACWPPacWest Bancorp Depositary Shares Each Representing a 140th Interest in a Share of 7.75 Fixed Rate NonCumulative Perpetual Preferred Stock Series A$2.48BN/AN/A-0.49
XRPNArmada Acquisition Corp II - Class A$328MFinancial ServicesShell Companies-0.48
ENGSEnergys Group Ltd$12MIndustrialsWaste Management-0.46
NCINeo Concept International Group Holdings Ltd$22MConsumer CyclicalApparel Manufacturing-0.46
WFFWF Holding Ltd$10MIndustrialsSpecialty Industrial Machinery-0.46
JBDIJBDI Holdings Ltd$9.63MConsumer CyclicalSpecialty Retail-0.45
FMFCKandal M Venture Ltd - Class A$6.81MConsumer CyclicalFootwear & Accessories-0.44
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.44
ARDTArdent Health Partners Inc$1.35BHealthcareMedical Care Facilities-0.44
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies-0.43
AIROAIRO Group Holdings Inc$229MIndustrialsAerospace & Defense-0.43
DYCQDT Cloud Acquisition Corp$23MFinancial ServicesShell Companies-0.43
CAPNUCayson Acquisition Corp - Units (1 1 Rights)$20MFinancial ServicesShell Companies-0.43
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.42
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.42
POLEAndretti Acquisition Corp II - Class A$247MFinancial ServicesShell Companies-0.42
MWYNMarwynn Holdings Inc$17MConsumer CyclicalFurnishings, Fixtures & Appliances-0.42
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.42
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.42
CCIXChurchill Capital Corp IX$310MFinancial ServicesShell Companies-0.41
PELIRPelican Acquisition Corp$2.80MN/AN/A-0.40
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.40
GCTS-WSGCT Semiconductor Holding Inc Wt Exp$36MN/AN/A-0.40
SIMASIM Acquisition Corp I - Class A$72MFinancial ServicesShell Companies-0.40
MNDRMobile health Network Solutions - Class A$165KHealthcareHealth Information Services-0.40
MLECMoolec Science SA$10MHealthcareBiotechnology-0.39
MCRPMicropolis Holding Company$86MTechnologyComputer Hardware-0.39
TOIOncology Institute Inc (The)$461MHealthcareMedical Care Facilities-0.39
HYAC-UHaymaker Acquisition Corp 4 - Units (1 Ord Class A & 1/2 War)$65MN/AN/A-0.39
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.38
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.38
CONConcentra Group Holdings Parent Inc$3.30BHealthcareMedical Care Facilities-0.38
HSPTRHorizon Space Acquisition II Corp Right$763KN/AN/A-0.38
XHLDTEN Holdings Inc$5.69MCommunication ServicesBroadcasting-0.37
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.37

ETFs that lowly correlated with CHDN

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.65
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.62
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.61
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.60
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.59
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.59
TEXNiShares Texas Equity ETF$17M0.20%Jun 23, 2025-0.58
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.58
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.58
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.57
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.57
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.57
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.56
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.55
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.55
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.54
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.52
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.51
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.51
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.51
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.51
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.50
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.50
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.50
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.50
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.50
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.49
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.49
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.48
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.48
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.48
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.48
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.47
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.45
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.45
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.44
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.44
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.44
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.44
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.44
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.43
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.43
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.42
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.42
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.42
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.41
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.40
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.39
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.39
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.38
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.38
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.38
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.38
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.37
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.36