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High CorrelationLow Correlation

51 Stocks and 49 ETFs for diversifying Fortress Biotech (FBIO)

The least correlated asset to Fortress Biotech (FBIO) is company Inflection Point Acquisition Corp III (IPCX). The correlation is -0.8302.

Stocks that lowly correlated with FBIO

SymbolName
Market cap
SectorIndustry
Correlation
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.83
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.62
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.62
GSHRGesher Acquisition Corp II - Class A$155MFinancial ServicesShell Companies-0.60
TLXTelix Pharmaceuticals Ltd$3.30BHealthcareBiotechnology-0.59
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.58
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.56
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.56
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.52
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.51
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.49
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.49
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.46
TRONCorner Growth Acquisition Corp 2 - Class A$996MConsumer CyclicalLeisure-0.45
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.44
GTENUGores Holdings X Inc - Units (1 Ord Class A & 1/4 War)$94MFinancial ServicesShell Companies-0.42
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.42
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.41
FVNFuture Vision II Acquisition Corporation$62MFinancial ServicesShell Companies-0.41
SLDESlide Insurance Holdings Inc$2.20BFinancial ServicesInsurance - Property & Casualty-0.40
ARAIArrive AI Inc$26MTechnologyScientific & Technical Instruments-0.40
NCTIntercont (Cayman) Ltd$2.61MIndustrialsMarine Shipping-0.40
ANSCUAgriculture & Natural Solutions Acquisition Corp - Units (1 Ord Class A & 1/2 War)$86MFinancial ServicesShell Companies-0.40
FRBNUForbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$316MN/AN/A-0.39
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.39
GTENGores Holdings X Inc - Class A$466MFinancial ServicesShell Companies-0.39
UYSCUY Scuti Acquisition Corp$73MFinancial ServicesShell Companies-0.39
CBIOCrescent Biopharma Inc$573MHealthcareBiotechnology-0.39
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.38
DTSQRDT Cloud Star Acquisition Corp$298KN/AN/A-0.38
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.38
SDHISiddhi Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.37
EGHAEGH Acquisition Corp - Class A$212MFinancial ServicesShell Companies-0.36
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.36
LCCCULakeshore Acquisition III Corp - Units (1 Ord Shs & 1 Rts)$21MFinancial ServicesShell Companies-0.35
MLACRMountain Lake Acquisition Corp$7.99MN/AN/A-0.34
RCTRedCloud Holdings PLC$41MTechnologySoftware - Application-0.34
TWODTwo Harbors Investment Corp$2.67BN/AN/A-0.34
RACRithm Acquisition Corp.$247MFinancial ServicesShell Companies-0.34
BEAGUBold Eagle Acquisition Corp - Units (1Ord Cls A & 1 Rts)$54MFinancial ServicesShell Companies-0.34
RTACRenatus Tactical Acquisition Corp I - Class A$326MFinancial ServicesShell Companies-0.34
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.33
BEAGRBold Eagle Acquisition Corp Right$1.23MN/AN/A-0.33
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.33
SZZLRSizzle Acquisition Corp II$1.07MN/AN/A-0.32
DYCQRDT Cloud Acquisition Corp$474KN/AN/A-0.32
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.32
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.32
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.31
SZZLUSizzle Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$70MFinancial ServicesShell Companies-0.31
IBTAIbotta Inc - Class A$819MTechnologySoftware - Application-0.31

ETFs that lowly correlated with FBIO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.46
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.46
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.46
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.45
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.45
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.44
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.43
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.43
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.43
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.42
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.42
MVLLGRANITESHARES 2X LONG MRVL DAILY ETF $274MN/AMar 6, 2025-0.42
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.42
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.42
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.42
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.41
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.41
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.41
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.41
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.41
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.41
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.40
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.40
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.39
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.39
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.39
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.39
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.38
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.38
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.38
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.38
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.37
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.37
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $42MN/AAug 21, 2023-0.37
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.36
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.36
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.36
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.36
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.35
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.35
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.35
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.34
NVYYGraniteShares YieldBOOST NVDA ETF$59M1.15%May 12, 2025-0.34
TSLZT-Rex 2X Inverse Tesla Daily Target ETF$46MN/AOct 18, 2023-0.34
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.33
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.33
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.33
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.31