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50 Stocks and 50 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 -0.7801.

Stocks that lowly correlated with FBIO

SymbolName
Market cap
SectorIndustry
Correlation
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.78
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.66
APADREnhanced Group Inc$6.67MN/AN/A-0.65
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.64
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.55
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.54
TLXTelix Pharmaceuticals Ltd$3.82BHealthcareBiotechnology-0.53
GSHRGesher Acquisition Corp II - Class A$157MFinancial ServicesShell Companies-0.53
EVACEDWARDS GROUP LTD Foreign$597MFinancial ServicesShell Companies-0.51
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.51
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.50
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.49
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.49
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.47
TRONCorner Growth Acquisition Corp 2 - Class A$700MConsumer CyclicalLeisure-0.47
VNMEVendome Acquisition Corporation I$254MFinancial ServicesShell Companies-0.46
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.46
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.46
OBAOxley Bridge Acquisition Ltd - Class A$260MFinancial ServicesShell Companies-0.45
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.44
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.42
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.42
ARAIArrive AI Inc$15MTechnologyScientific & Technical Instruments-0.41
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.40
CBION/A$432MHealthcareBiotechnology-0.40
WENNWen Acquisition Corp - Class A$310MFinancial ServicesShell Companies-0.40
MKLYUMcKinley Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$59MFinancial ServicesShell Companies-0.40
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.39
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.39
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
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.39
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.39
UYSCUY Scuti Acquisition Corp$74MFinancial ServicesShell Companies-0.38
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.38
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.38
MGRTMega Fortune Company Ltd$1.03BTechnologyInformation Technology Services-0.38
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.38
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.38
JEM707 Cayman Holdings Ltd$3.49MConsumer CyclicalApparel Retail-0.37
EGHAEGH Acquisition Corp - Class A$212MFinancial ServicesShell Companies-0.37
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.36
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.36
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.36
DTSQRDT Cloud Star Acquisition Corp$290KN/AN/A-0.36
GTENUGores Holdings X Inc - Units (1 Ord Class A & 1/4 War)$96MFinancial ServicesShell Companies-0.36
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.35
SDHISiddhi Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.35
RACRithm Acquisition Corp.$247MFinancial ServicesShell Companies-0.35
RCTRedCloud Holdings PLC$14MTechnologySoftware - Application-0.35

ETFs that lowly correlated with FBIO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.48
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.47
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.46
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.46
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.46
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.46
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.45
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.44
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.44
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.43
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.43
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.43
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.42
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.42
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.42
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.42
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.42
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.41
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.41
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.41
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.41
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.40
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.40
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.40
AMDWROUNDHILL AMD WEEKLYPAY ETF $122MN/AJul 23, 2025-0.40
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.40
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.40
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.40
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.39
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.39
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.39
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.38
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.38
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.37
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.37
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.37
NVDWROUNDHILL NVDA WEEKLYPAY ETF $110MN/AFeb 18, 2025-0.37
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.36
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.36
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.36
NVYYGraniteShares YieldBOOST NVDA ETF$39M1.15%May 12, 2025-0.36
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $39MN/AAug 21, 2023-0.36
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.36
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.36
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.35
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.35
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.35
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.35
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.34