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45 Stocks and 55 ETFs for diversifying Telefonaktiebolaget L M Ericsson (ERIC)

The least correlated asset to Telefonaktiebolaget L M Ericsson (ERIC) is company NIQ Global Intelligence (NIQ). The correlation is -0.6955.

Stocks that lowly correlated with ERIC

SymbolName
Market cap
SectorIndustry
Correlation
NIQNIQ Global Intelligence plc$3.24BN/AN/A-0.70
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.70
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.68
MNTNMNTN Inc - Class A$751MTechnologySoftware - Application-0.67
FVNNRFuture Vision II Acquisition Corporation Right$341KN/AN/A-0.67
TGHLGrowhub Ltd (The) - Class A$19MTechnologySoftware - Infrastructure-0.64
SIShoulder Innovations Inc$452MN/AN/A-0.63
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.62
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.62
CAICaris Life Sciences Inc - Class A$4.94BHealthcareBiotechnology-0.62
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.60
MSGYMasonglory Ltd$5.30MIndustrialsEngineering & Construction-0.59
SDMSmart Digital Group Ltd$59MCommunication ServicesAdvertising Agencies-0.58
GRANGrande Group Ltd - Class A$35MFinancial ServicesCapital Markets-0.57
BULLWebull Corporation$3.05BTechnologySoftware - Application-0.57
YBYuanbao Inc$656MTechnologySoftware - Application-0.55
TTANServiceTitan Inc - Class A$7.44BTechnologySoftware - Application-0.54
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.51
DLXYDelixy Holdings Ltd$7.64MEnergyOil & Gas Refining & Marketing-0.49
BACCBlue Acquisition Corp - Class A$214MFinancial ServicesShell Companies-0.49
MCGAUYorkville Acquisition Corp - Units (1 Ord Cls A & 1/3 War)$52MFinancial ServicesShell Companies-0.48
GCLGCL Global Holdings Ltd$53MCommunication ServicesElectronic Gaming & Multimedia-0.47
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.46
IOTRiOThree Ltd$13MCommunication ServicesTelecom Services-0.46
VNTGVantage Corp - Class A$19MIndustrialsMarine Shipping-0.46
GIBOGIBO Holdings Ltd$106MCommunication ServicesInternet Content & Information-0.46
ZSPCZspace Inc$2.96MTechnologyComputer Hardware-0.45
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.45
CUPRCuprina Holdings (Cayman) Ltd - Class A$11MHealthcareMedical Instruments & Supplies-0.44
OTFBlue Owl Technology Finance Corp$4.79BFinancial ServicesAsset Management-0.43
BMHLBluemount Holdings Ltd$146MFinancial ServicesCapital Markets-0.43
EURKUEureka Acquisition Corp - Units (1 Ord Class A & 1 Rts)$53MFinancial ServicesShell Companies-0.42
KAPAKairos Pharma Ltd$6.75MHealthcareBiotechnology-0.42
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.42
AAPGAscentage Pharma Group International$1.87BHealthcareBiotechnology-0.42
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.41
LHSWLianhe Sowell International Group Ltd$7.03MTechnologySoftware - Infrastructure-0.41
VACHUVoyager Acquisition Corp - Units (1 Ord Class A & 1/2 War)$80MFinancial ServicesShell Companies-0.41
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.40
EURKEureka Acquisition Corp - Class A$34MFinancial ServicesShell Companies-0.40
BMNRBitMine Immersion Technologies Inc$9.16BFinancial ServicesCapital Markets-0.40
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.39
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.39
LPBBULaunch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War)$250MFinancial ServicesShell Companies-0.38
NPBNorthpointe Bancshares Inc$636MFinancial ServicesBanks - Regional-0.38

ETFs that lowly correlated with ERIC

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
UPSXTRADR 2X LONG UPST DAILY ETF $33MN/AJun 9, 2025-0.66
DKNXDEFIANCE DAILY TARGET 2X LONG DKNG ETF $5.40MN/AJul 30, 2025-0.63
TFNST. ROWE PRICE FINANCIALS ETF $14M0.44%Jun 11, 2025-0.57
RBLYYIELDMAX(R) RBLX OPTION INCOME STRATEGY ETF $2.40M0.99%Jul 28, 2025-0.56
DVXFWEBs Defined Volatility XLF ETF$251K0.89%Jul 22, 2025-0.56
HOOYYIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF $133M0.99%May 7, 2025-0.55
KMLIKraneShares 2x Long MELI Daily ETF$8.80MN/AApr 4, 2025-0.55
RDTLGRANITESHARES 2X LONG RDDT DAILY ETF $57MN/AMar 24, 2025-0.55
HOOWROUNDHILL HOOD WEEKLYPAY ETF $146MN/AJun 17, 2025-0.51
RNINBUSHIDO CAPITAL US SMID CAP EQUITY ETF $161M0.68%May 14, 2025-0.51
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.51
XYZGLEVERAGE SHARES 2X LONG XYZ DAILY ETF $3MN/AApr 3, 2025-0.50
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.50
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.49
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.49
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.49
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.49
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.48
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.47
BULGLEVERAGE SHARES 2X LONG BULL DAILY ETF $5.20MN/AAug 8, 2025-0.47
XBTYGRANITESHARES YIELDBOOST BITCOIN ETF $12M1.15%May 12, 2025-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.46
JAPNHORIZON KINETICS JAPAN OWNER OPERATOR ETF $23M0.85%May 12, 2025-0.46
XRPIVolatility Shares Trust XRP ETF$82M1.68%May 22, 2025-0.45
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.45
BFJLFT VEST BITCOIN STRATEGY FLOOR15 ETF - JULY $3.30M0.90%Jun 27, 2025-0.45
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.45
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.45
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.44
XRPTVolatility Shares Trust XRP 2X ETF$49MN/AMay 22, 2025-0.44
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.44
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.44
KMAYInnovator U.S. Small Cap Power Buffer ETF May$55M0.79%Apr 30, 2025-0.44
METWROUNDHILL META WEEKLYPAY ETF $25MN/AJun 17, 2025-0.44
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.43
XLFISTATE STREET(R) FINANCIAL SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $5.80M0.35%Jul 29, 2025-0.43
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.43
SCOWPACER S&P SMALLCAP 600 QUALITY FCF ARISTOCRATS ETF $1.60M0.59%Aug 27, 2025-0.42
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.42
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.42
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.41
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.41
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.41
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.41
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.41
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.41
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.41
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.40
COYYGRANITESHARES YIELDBOOST COIN ETF $21M1.07%Jul 28, 2025-0.40
XXRPTEUCRIUM 2X LONG DAILY XRP ETF $88MN/AApr 7, 2025-0.40
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.40
FGSIFT VEST GROWTH STRENGTH & TARGET INCOME ETF $3M0.85%Jun 25, 2025-0.39
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.39
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.39
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.38