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High CorrelationLow Correlation

47 Stocks and 53 ETFs for diversifying Electrovaya (ELVA)

The least correlated asset to Electrovaya (ELVA) is ETF GGOV (iShares Global Government Bond USD Hedged Active). The correlation is -0.6089.

Stocks that lowly correlated with ELVA

SymbolName
Market cap
SectorIndustry
Correlation
GSHRGesher Acquisition Corp II - Class A$155MFinancial ServicesShell Companies-0.56
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.53
LBLandbridge Company LLC. - Class A$5.70BEnergyOil & Gas Equipment & Services-0.51
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.49
SVCCUStellar V Capital Corp - Units (1 Ord Cls A & 1/2 War)$165MFinancial ServicesShell Companies-0.49
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.48
SLDESlide Insurance Holdings Inc$2.20BFinancial ServicesInsurance - Property & Casualty-0.47
FERAFifth Era Acquisition Corp I - Class A$245MFinancial ServicesShell Companies-0.47
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.47
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.44
EDHLEverbright Digital Holding Ltd$4.80MCommunication ServicesAdvertising Agencies-0.41
MSAIMultiSensor AI Holdings Inc$13MTechnologyElectronic Components-0.41
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.41
COLARColumbus Acquisition Corp Rights$1.07MN/AN/A-0.40
ULSUL Solutions Inc - Class A$20BIndustrialsSpecialty Business Services-0.40
IVCPUAleAnna Inc - Units (1 Ord Share Class A & 1/2 War)$308MN/AN/A-0.38
DUETUDUET Acquisition Corp - Units (1 Ord Share Class A & 1 War)$15MFinancial ServicesShell Companies-0.38
TACHUTitan Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$691MFinancial ServicesShell Companies-0.38
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.37
TLXTelix Pharmaceuticals Ltd$3.30BHealthcareBiotechnology-0.37
SZZLRSizzle Acquisition Corp II$1.07MN/AN/A-0.36
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.34
NCTIntercont (Cayman) Ltd$2.61MIndustrialsMarine Shipping-0.34
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.33
FVNFuture Vision II Acquisition Corporation$62MFinancial ServicesShell Companies-0.33
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.32
SDHISiddhi Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.32
TRUGTruGolf Holdings Inc - Class A$1.24MConsumer CyclicalLeisure-0.32
BEAGUBold Eagle Acquisition Corp - Units (1Ord Cls A & 1 Rts)$54MFinancial ServicesShell Companies-0.32
ZBIOZenas Biopharma Inc$1.13BHealthcareBiotechnology-0.32
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.31
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.31
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.31
BKHAUBlack Hawk Acquisition Corp - Units (1 Ord Share Cls A & 1/5 Rts )$39MFinancial ServicesShell Companies-0.30
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.30
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.30
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.30
DTSQRDT Cloud Star Acquisition Corp$298KN/AN/A-0.30
BACQUMerlin Inc - Units (1Ord Class A & 1 Rights)$781MFinancial ServicesShell Companies-0.30
EUDAEuda Health Holdings Ltd$34MReal EstateReal Estate Services-0.30
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.29
LZMHLZ Technology Holdings Ltd - Class B$9.09MTechnologyInformation Technology Services-0.29
LPAAULaunch One Acquisition Corp - Units (1 Ord Class A & 1/2 War)$247MFinancial ServicesShell Companies-0.29
DYCQUDT Cloud Acquisition Corp - Units (1 Ord & 1 Right)$26MFinancial ServicesShell Companies-0.28
LPBBULaunch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War)$247MFinancial ServicesShell Companies-0.28
BRLSBorealis Foods Inc - Class A$31MConsumer DefensivePackaged Foods-0.27
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.27

ETFs that lowly correlated with ELVA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.61
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.55
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.53
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.51
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.48
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.47
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.47
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.45
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.44
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.43
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.43
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.37
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.37
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.37
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.37
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.36
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.36
ZSLProShares UltraShort Silver -2x Shares$145MN/ADec 1, 2008-0.36
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.36
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.36
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.35
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.35
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.35
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.35
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.35
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.35
FNGDBank of Montreal$68MN/AJan 22, 2018-0.34
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.33
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.32
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.32
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.32
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.32
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.32
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.31
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.31
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.31
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.31
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.31
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.30
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.30
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.30
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.30
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.30
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.30
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.30
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.30
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.30
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.30
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.29
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.29
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.29
ELILDirexion Daily LLY Bull 2X Shares$18MN/AMar 25, 2025-0.29
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.28