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High CorrelationLow Correlation

45 Stocks and 55 ETFs for diversifying Federated Hermes (FHI)

The least correlated asset to Federated Hermes (FHI) is company Digital Asset Acquisition (DAAQ). The correlation is -0.7207.

Stocks that lowly correlated with FHI

SymbolName
Market cap
SectorIndustry
Correlation
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.72
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.70
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.68
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.67
LAWRRobot Consulting Co. Ltd$158MIndustrialsConsulting Services-0.65
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.62
OBAOxley Bridge Acquisition Ltd - Class A$260MFinancial ServicesShell Companies-0.62
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.61
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.60
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.59
WENNWen Acquisition Corp - Class A$310MFinancial ServicesShell Companies-0.59
MIAXMiami International Holdings Inc$4BFinancial ServicesCapital Markets-0.59
SLDESlide Insurance Holdings Inc$2.32BFinancial ServicesInsurance - Property & Casualty-0.58
OFSSOOFS Capital Corp$341MN/AN/A-0.56
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.56
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.55
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies-0.55
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.54
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.52
METCIRamaco Resources Inc$1.12BN/AN/A-0.52
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.52
SDHISiddhi Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.52
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$9.15MFinancial ServicesShell Companies-0.51
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.51
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.50
VNMEVendome Acquisition Corporation I$254MFinancial ServicesShell Companies-0.49
EVACEDWARDS GROUP LTD Foreign$597MFinancial ServicesShell Companies-0.49
GTENGores Holdings X Inc - Class A$471MFinancial ServicesShell Companies-0.48
CEPTCantor Equity Partners II Inc - Class A$284MFinancial ServicesShell Companies-0.48
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.47
PCAPPatriot Capital Funding Inc$324MFinancial ServicesShell Companies-0.46
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.46
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.46
PFAIPinnacle Food Group Ltd - Class A$43MConsumer DefensiveFarm Products-0.46
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.46
NOACNatural Order Acquisition Corp$289MN/AN/A-0.45
TLIHTen League International Holdings Ltd$17MIndustrialsIndustrial Distribution-0.45
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.45
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies-0.45
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.45
OXSQHOxford Square Capital Corp$2.35BN/AN/A-0.45
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services-0.44
SPEGUSilver Pegasus Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.44
EGHAEGH Acquisition Corp - Class A$212MFinancial ServicesShell Companies-0.44
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.43

ETFs that lowly correlated with FHI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.68
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.67
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.64
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.64
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.63
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.63
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.63
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.62
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.62
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.62
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.61
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.61
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.61
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.60
ELILDirexion Daily LLY Bull 2X Shares$23MN/AMar 25, 2025-0.59
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.59
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.59
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.58
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.58
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.57
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.56
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.56
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.56
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.55
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.55
QBProShares Nasdaq100 Dynamic Buffer ETF$2.80M0.58%Jun 24, 2025-0.54
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.54
AMDWROUNDHILL AMD WEEKLYPAY ETF $122MN/AJul 23, 2025-0.54
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.54
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.53
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.53
LLYXDEFIANCE DAILY TARGET 2X LONG LLY ETF $74MN/AAug 8, 2024-0.53
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.52
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-0.52
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.51
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.50
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.50
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.49
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.48
GOOWROUNDHILL GOOGL WEEKLYPAY ETF $85MN/AJul 23, 2025-0.47
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.47
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.47
AIPODEFIANCE AI & POWER INFRASTRUCTURE ETF $958M0.69%Jul 24, 2025-0.46
XLKISTATE STREET(R) TECHNOLOGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $11M0.35%Jul 29, 2025-0.46
TRUTVANECK TECHNOLOGY TRUSECTOR ETF $163M0.14%Aug 20, 2025-0.46
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.46
DVXKWEBs Defined Volatility XLK ETF$8M0.89%Jul 22, 2025-0.45
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.45
AIOOALLIANZIM U.S. EQUITY BUFFER100 PROTECTION ETF $39M0.64%Jun 30, 2025-0.45
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.45
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.44
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.44
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.44