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36 Stocks and 64 ETFs for diversifying Fabrinet (FN)

The least correlated asset to Fabrinet (FN) is ETF TSMZ (DIREXION DAILY TSM BEAR 1X SHARES). The correlation is -0.648.

Stocks that lowly correlated with FN

SymbolName
Market cap
SectorIndustry
Correlation
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.54
ZSPCZspace Inc$2.96MTechnologyComputer Hardware-0.53
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.51
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.46
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.46
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.46
HPAIHelport AI Ltd$33MTechnologySoftware - Infrastructure-0.45
CHARRCharlton Aria Acquisition Corporation Rights$226KN/AN/A-0.44
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.43
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.43
PELIRPelican Acquisition Corp$2.80MN/AN/A-0.42
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.42
PRMBPrimo Brands Corp - Class A$8.97BConsumer DefensiveBeverages - Non-alcoholic-0.42
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.42
WYHGWing Yip Food Holdings Group Ltd$43MConsumer DefensivePackaged Foods-0.41
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.41
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.41
NAMMNamib Minerals.$77MBasic MaterialsGold-0.40
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.40
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.39
DXYZDestiny Tech100 Inc$629MFinancial ServicesAsset Management-0.37
CGCTCartesian Growth Corp III - Class A$283MFinancial ServicesShell Companies-0.37
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.37
HYACHaymaker Acquisition Corp. 4$330MFinancial ServicesShell Companies-0.36
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.36
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.35
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.34
SCAGScage Future$38MIndustrialsFarm & Heavy Construction Machinery-0.34
MNDRMobile health Network Solutions - Class A$165KHealthcareHealth Information Services-0.34
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.34
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.34
NOEMRCO2 Energy Transition Corp$537KN/AN/A-0.34
HMRSports Properties Acquisition Corp$73MIndustrialsMarine Shipping-0.33
ANGXAngel Studios Inc - Class A$474MCommunication ServicesEntertainment-0.33
HCAIHuachen AI Parking Management Technology Holding Co. Ltd$13MIndustrialsFarm & Heavy Construction Machinery-0.33
LCCCRLakeshore Acquisition III Corp$500KN/AN/A-0.33

ETFs that lowly correlated with FN

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.65
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.57
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.57
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.55
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.55
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.52
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.50
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.50
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.49
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.49
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.48
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.47
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.47
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.46
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.46
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.46
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.45
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.45
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.45
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.45
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.44
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.44
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.44
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.44
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.44
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.43
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.43
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.42
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.42
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.42
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.42
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.41
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.41
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.41
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.41
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.40
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.40
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.39
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.38
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.38
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.38
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.38
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.38
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.38
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.38
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.38
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.38
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.37
SHNYMicroSectors Gold 3X Leveraged ETN$129MN/AFeb 21, 2023-0.37
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.37
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.36
CLIPGLOBAL X 1-3 MONTH T-BILL ETF $2.50B0.07%Jun 20, 2023-0.35
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.35
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.35
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.35
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.35
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.35
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.34
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.34
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.34
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.33
RTXGLeverage Shares 2X Long RTX Daily ETF$4MN/AJun 5, 2025-0.33
PDBAInvesco Agriculture Commodity Strategy No K-1 ETF$323M0.59%Aug 24, 2022-0.33
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.33