Overview Performance Metrics Financials Industry Splits Correlations

16 Stocks and 84 ETFs for diversifying Edesa Biotech (EDSA)

The least correlated asset to Edesa Biotech (EDSA) is company Colombier Acquisition Corp II (CLBR). The correlation is -0.8364.

Stocks that lowly correlated with EDSA

Symbol	Name	Market cap	Sector	Industry	Correlation
CLBR	Colombier Acquisition Corp II - Class A	$366M	Financials	Investment Holding Companies	-0.84
CTWO	COtwo Advisors Physical European Carbon Allowance Trust	$1.85M	N/A	N/A	-0.78
HSPT	Horizon Space Acquisition II Corp	$61M	Financial Services	Shell Companies	-0.76
DRDBW	Roman DBDR Acquisition Corp II Warrants	$8.22M	N/A	N/A	-0.75
BACQ	Bleichroeder Acquisition Corp I - Class A	$545M	Financial Services	Shell Companies	-0.75
AACI	Armada Acquisition Corp I	$77M	Financial Services	Shell Companies	-0.74
COLAU	Columbus Acquisition Corp - Units ( Ord Cls A & 1 Rts)	$62M	Financial Services	Shell Companies	-0.73
HSPTU	Horizon Space Acquisition II Corp - Unit (1 Ordinary share & 1 Rts)	$11M	Financial Services	Shell Companies	-0.73
TFSA	Terra Income Fund 6, LLC 7.00% Notes due 2026	$124M	N/A	N/A	-0.73
PCSC	Perceptive Capital Solutions Corp - Class A	$100M	Financial Services	Shell Companies	-0.70
PCS	PGIM CORPORATE BOND 0-5 YEAR ETF	$27B	N/A	N/A	-0.67
LBGJ	Li Bang International Corp Inc	$189K	Industrials	Specialty Industrial Machinery	-0.67
NSRX	Nasus Pharma Ltd	$28M	Healthcare	Drug Manufacturers - General	-0.66
KKRT	KKR & Co. Inc	$22B	N/A	N/A	-0.59
GRAF-U	Graf Global Corp - Unit (1 Ord Class A & 1/2 War)	$56M	N/A	Other	-0.57
EGHA	EGH Acquisition Corp - Class A	$212M	Financial Services	Shell Companies	-0.56

ETFs that lowly correlated with EDSA

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
RINT	RUSSELL INVESTMENTS INTERNATIONAL DEVELOPED EQUITY ETF	$139M	0.49%	May 13, 2025	-0.80
XLII	STATE STREET(R) INDUSTRIAL SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$7.70M	0.35%	Jul 29, 2025	-0.80
JOYT	JPMORGAN EQUITY AND OPTIONS TOTAL RETURN ETF	$94M	0.35%	Aug 18, 2025	-0.79
TIIV	AAM TODD INTERNATIONAL INTRINSIC VALUE ETF	$31M	0.54%	Jul 24, 2025	-0.79
CPHY	Fm Compoundr High Yield Bond ETF	$6.20M	0.35%	Aug 11, 2025	-0.78
XLVI	STATE STREET(R) HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$16M	0.35%	Jul 29, 2025	-0.77
TAXI	NORTHERN TRUST INTERMEDIATE TAX-EXEMPT BOND ETF	$160M	0.05%	Aug 18, 2025	-0.77
MUNB	NORTHERN TRUST 2035 TAX-EXEMPT DISTRIBUTING LADDER ETF	$14M	0.18%	Aug 18, 2025	-0.76
BSJX	Invesco BulletShares 2033 High Yield Corporate Bond ETF	$20M	0.42%	Jun 11, 2025	-0.76
QALT	SEI DBI MULTI-STRATEGY ALTERNATIVE ETF	$194M	0.80%	Jun 30, 2023	-0.76
JDVL	JOHN HANCOCK DISCIPLINED VALUE SELECT ETF	$880M	0.56%	Aug 5, 2025	-0.76
AVGB	AVANTIS CREDIT ETF	$21M	0.19%	Apr 15, 2025	-0.75
GEOA	WISDOMTREE GEOALPHA OPPORTUNITIES FUND	$893K	0.58%	Jul 3, 2025	-0.75
BASV	BROWN ADVISORY SUSTAINABLE VALUE ETF	$408M	0.71%	Jun 13, 2025	-0.74
GIND	Goldman Sachs India Equity ETF	$164M	0.75%	Apr 1, 2025	-0.74
MUNC	NORTHERN TRUST 2045 TAX-EXEMPT DISTRIBUTING LADDER ETF	$8.20M	0.18%	Aug 18, 2025	-0.73
HFEQ	UNLIMITED HFEQ EQUITY LONG/SHORT ETF	$17M	0.96%	Jul 14, 2025	-0.73
CTIF	CASTELLAN TARGETED INCOME ETF	$183M	0.45%	Jun 24, 2025	-0.72
FFOX	FUNDX FUTURE FUND OPPORTUNITIES ETF	$240M	1.02%	Jun 9, 2025	-0.72
FTBI	FIRST TRUST BALANCED INCOME ETF	$21M	0.97%	May 28, 2025	-0.72
HBDC	Hilton BDC Corporate Bond ETF	$84M	0.39%	Jun 10, 2025	-0.72
VGMS	VANGUARD MULTI-SECTOR INCOME BOND ETF ETF SHARES	$235M	0.30%	Jun 9, 2025	-0.71
SPXD	XTRACKERS S&P 500 DIVERSIFIED SECTOR WEIGHT ETF	$6.90M	0.09%	Jul 23, 2025	-0.71
EXUS	MACQUARIE FOCUSED INTERNATIONAL CORE ETF	$95M	0.59%	Jun 17, 2025	-0.70
JPY	LAZARD JAPANESE EQUITY ETF	$78M	0.60%	Apr 4, 2025	-0.69
LVDS	JPMORGAN FUNDAMENTAL DATA SCIENCE LARGE VALUE ETF	$106M	0.30%	Feb 28, 2003	-0.69
IDEQ	LAZARD INTERNATIONAL DYNAMIC EQUITY ETF	$1.50B	0.40%	May 29, 2015	-0.69
XLBI	STATE STREET(R) MATERIALS SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$6.90M	0.35%	Jul 29, 2025	-0.69
WTMU	WISDOMTREE CORE LADDERED MUNICIPAL FUND	$9.30M	0.25%	Apr 1, 2025	-0.68
CSTK	Invesco Comstock Contrarian Equity ETF	$173M	0.35%	May 5, 2025	-0.68
MTRA	INVESCO INTERNATIONAL GROWTH FOCUS ETF	$148M	0.54%	Jun 11, 2025	-0.68
HFSI	HARTFORD STRATEGIC INCOME ETF	$879M	0.49%	Sep 21, 2021	-0.67
TCV	TOWLE VALUE ETF	$206M	0.85%	Oct 31, 2011	-0.66
OTGL	OTG LATIN AMERICA ETF	$28M	0.95%	May 7, 2019	-0.66
WCPB	Weitz Core Plus Bond ETF	$210M	0.45%	Aug 12, 2025	-0.66
DVXV	WEBs Defined Volatility XLV ETF	$480K	0.89%	Jul 22, 2025	-0.66
ZTWO	F/M 2-YEAR INVESTMENT GRADE CORPORATE BOND ETF	$18M	0.15%	Jan 10, 2024	-0.66
CCFE	CONCOURSE CAPITAL FOCUSED EQUITY ETF	$39M	0.95%	Jun 11, 2025	-0.66
ZTRE	F/M 3-YEAR INVESTMENT GRADE CORPORATE BOND ETF	$40M	0.15%	Jan 10, 2024	-0.65
MULT	Franklin Multisector Income ETF	$15M	0.39%	Aug 26, 2025	-0.65
IBMT	ISHARES IBONDS DEC 2031 TERM MUNI BOND ETF	$112M	0.18%	Mar 25, 2025	-0.65
QBSF	ALLIANZIM U.S. EQUITY BUFFER15 ETF	$36M	0.64%	Jun 30, 2025	-0.65
AALG	LEVERAGE SHARES 2X LONG AAL DAILY ETF	$5.30M	N/A	Jul 10, 2025	-0.65
INVG	GMO SYSTEMATIC INVESTMENT GRADE CREDIT ETF	$28M	0.25%	Jun 3, 2025	-0.64
TAXT	NORTHERN TRUST TAX-EXEMPT BOND ETF	$61M	0.05%	Aug 18, 2025	-0.64
VSDB	VANGUARD SHORT DURATION BOND ETF ETF SHARES	$896M	0.15%	Apr 2, 2025	-0.64
XLFI	STATE STREET(R) FINANCIAL SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$5.80M	0.35%	Jul 29, 2025	-0.63
ZTOP	F/M HIGH YIELD 100 ETF	$16M	0.39%	Apr 14, 2025	-0.63
BINT	BLUEMONTE GLOBAL EQUITY ETF	$404M	0.23%	Jun 20, 2025	-0.63
EPMB	HARBOR MID CAP CORE ETF	$4.70M	0.88%	May 1, 2025	-0.63
CGHY	CAPITAL GROUP HIGH YIELD BOND ETF SHARE CLASS	$112M	0.39%	Jun 24, 2025	-0.63
CTEF	CASTELLAN TARGETED EQUITY ETF	$679M	0.45%	Jun 17, 2025	-0.62
ALIL	ARGENT FOCUSED SMALL CAP ETF	$27M	0.74%	Apr 8, 2025	-0.62
BNDY	HORIZON CORE BOND ETF	$249M	0.66%	Jul 2, 2025	-0.62
AGGA	EA ASTORIA DYNAMIC CORE US FIXED INCOME ETF	$89M	0.55%	Apr 30, 2025	-0.62
IQSZ	Invesco Managed Futures Strategy ETF Global Equity Net Zero	$170M	0.19%	Jul 14, 2025	-0.62
FMUN	FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF	$183M	0.05%	Jul 11, 2019	-0.62
RGLO	RUSSELL INVESTMENTS GLOBAL EQUITY ETF	$337M	0.49%	May 29, 2025	-0.62
XLRI	STATE STREET(R) REAL ESTATE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$2.60M	0.35%	Jul 29, 2025	-0.61
JABS	JANUS HENDERSON ASSET-BACKED SECURITIES ETF	$135M	0.33%	Jul 22, 2025	-0.61
EPIN	HARBOR INTERNATIONAL EQUITY ETF	$7.70M	0.80%	Jun 4, 2025	-0.61
VNIE	VONTOBEL INTERNATIONAL EQUITY ACTIVE ETF	$9.30M	0.60%	May 14, 2025	-0.60
RSBA	RETURN STACKED(R) BONDS & MERGER ARBITRAGE ETF	$50M	1.01%	Dec 17, 2024	-0.60
TLCI	TOUCHSTONE INTERNATIONAL EQUITY ETF	$111M	0.37%	Mar 3, 2025	-0.59
TFNS	T. ROWE PRICE FINANCIALS ETF	$14M	0.44%	Jun 11, 2025	-0.59
KNRG	Simplify Kayne Anderson Energy and Infrastructure Credit ETF	$151M	0.76%	May 27, 2025	-0.59
GENW	GENTER CAPITAL INTERNATIONAL DIVIDEND ETF	$4.90M	0.38%	Jan 13, 2025	-0.59
BRKC	YIELDMAX(R) BRK.B OPTION INCOME STRATEGY ETF	$9.30M	1.01%	Jun 4, 2025	-0.58
DVIN	WEBs Defined Volatility XLI ETF	$313K	0.89%	Jul 22, 2025	-0.58
RUSC	RUSSELL INVESTMENTS U.S. SMALL CAP EQUITY ETF	$79M	0.64%	May 13, 2025	-0.58
MUNY	VANGUARD NEW YORK TAX-EXEMPT BOND ETF ETF SHARES	$447M	0.09%	May 20, 2025	-0.58
CGVV	CAPITAL GROUP U.S. LARGE VALUE ETF SHARE CLASS	$146M	0.33%	Jun 24, 2025	-0.58
WTMY	WISDOMTREE HIGH INCOME LADDERED MUNICIPAL FUND	$5.10M	0.35%	Apr 1, 2025	-0.58
XLSI	STATE STREET(R) CONSUMER STAPLES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$4.70M	0.35%	Jul 29, 2025	-0.57
GRIN	VictoryShares International Free Cash Flow Growth ETF	$287M	0.56%	Jun 25, 2025	-0.57
GTOC	Invesco Core Fixed Income ETF	$350M	0.26%	Jul 21, 2025	-0.57
AKAF	THE FRONTIER ECONOMIC FUND	$2.80M	0.20%	Jun 25, 2025	-0.57
MMSD	IQ MACKAY MUNICIPAL SHORT DURATION ETF	$75M	0.25%	May 5, 2025	-0.57
RW	RAINWATER EQUITY ETF	$18M	1.27%	Jun 17, 2025	-0.57
BUFI	AB INTERNATIONAL BUFFER ETF	$134M	0.69%	Dec 9, 2024	-0.57
FEGE	FIRST EAGLE GLOBAL EQUITY ETF	$2B	0.50%	Dec 19, 2024	-0.57
CPAG	Fm Compoundr U.S. Aggregate Bond ETF	$288M	0.31%	Aug 11, 2025	-0.57
LDRC	ISHARES IBONDS 1-5 YEAR CORPORATE LADDER ETF	$98M	0.10%	Nov 7, 2024	-0.56
BLST	BLUEMONTE SHORT TERM BOND ETF	$167M	0.23%	Jun 20, 2025	-0.56