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40 Stocks and 60 ETFs for diversifying Elanco Animal Health (ELAN)

The least correlated asset to Elanco Animal Health (ELAN) is company P10, (PX). The correlation is -1.

Stocks that lowly correlated with ELAN

SymbolName
Market cap
SectorIndustry
Correlation
PXP10, Inc.$18BFinancial ServicesAsset Management-1.00
PHHPark Ha Biological Technology Co Ltd$11MConsumer DefensiveHousehold & Personal Products-0.73
APADREnhanced Group Inc$6.67MN/AN/A-0.69
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.66
UYSCUY Scuti Acquisition Corp$74MFinancial ServicesShell Companies-0.64
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.62
PCLNPriceline.com Inc$906MN/AN/A-0.56
PEWGrabAGun Digital Holdings Inc$75MIndustrialsAerospace & Defense-0.56
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.55
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.53
BULLWebull Corporation$3.05BTechnologySoftware - Application-0.53
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.53
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.52
CBION/A$432MHealthcareBiotechnology-0.51
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.51
IOTRiOThree Ltd$13MCommunication ServicesTelecom Services-0.49
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.49
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-0.49
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.48
MGRTMega Fortune Company Ltd$1.03BTechnologyInformation Technology Services-0.47
KMRKKTech Solutions Company Ltd$21MConsumer CyclicalLeisure-0.47
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.47
WYHGWing Yip Food Holdings Group Ltd$59MConsumer DefensivePackaged Foods-0.47
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.46
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.45
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.45
TLIHTen League International Holdings Ltd$17MIndustrialsIndustrial Distribution-0.44
SLDESlide Insurance Holdings Inc$2.32BFinancial ServicesInsurance - Property & Casualty-0.44
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.44
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.44
NCEWNew Century Logistics (BVI) Ltd$54MIndustrialsIntegrated Freight & Logistics-0.44
BOWBowhead Specialty Holdings Inc$982MFinancial ServicesInsurance - Property & Casualty-0.43
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.42
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.42
AMBQAmbiq Micro Inc$1.76BTechnologySemiconductors-0.41
JLHLJulong Holding Ltd - Class A$219MIndustrialsBuilding Products & Equipment-0.41
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.41
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.41
OHPAOrion Acquisition Corp - Class A$417MN/AN/A-0.40
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.40

ETFs that lowly correlated with ELAN

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TIPANORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF $18M0.10%Aug 18, 2025-0.66
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.65
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.53
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.53
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.53
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.53
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.53
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.53
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.52
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.52
QBProShares Nasdaq100 Dynamic Buffer ETF$2.80M0.58%Jun 24, 2025-0.52
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.52
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.52
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.51
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.51
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.51
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.51
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.51
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.51
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.51
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.51
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.50
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.50
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.50
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.49
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.49
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.48
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.48
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.48
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.48
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.47
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.47
RNINBUSHIDO CAPITAL US SMID CAP EQUITY ETF $161M0.68%May 14, 2025-0.47
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.46
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.46
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.46
GLDWROUNDHILL GOLD WEEKLYPAY ETF $17MN/AOct 29, 2025-0.45
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.44
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.44
GEVXTradr 2X Long GEV Daily ETF$52MN/AJul 10, 2025-0.44
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.44
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.44
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.43
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.43
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.43
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.43
FFUTFIDELITY MANAGED FUTURES ETF $247M0.80%Jun 3, 2025-0.43
FBPROSHARES S&P 500 DYNAMIC DAILY BUFFER ETF $1.30M0.58%Jun 24, 2025-0.42
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.42
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.42
MSTWROUNDHILL MSTR WEEKLYPAY ETF $33MN/AJul 23, 2025-0.41
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.41
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.41
AMZWROUNDHILL AMZN WEEKLYPAY ETF $34MN/AJun 17, 2025-0.41
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.41
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.40
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.40