Overview Performance Dividends Metrics Financials ETFs Industry Splits Correlations

43 Stocks and 57 ETFs for diversifying First Merchants (FRME)

The least correlated asset to First Merchants (FRME) is ETF SKRE (TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF). The correlation is -0.9104.

Stocks that lowly correlated with FRME

Symbol	Name	Market cap	Sector	Industry	Correlation
GTERU	Globa Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)	$53M	Financial Services	Shell Companies	-0.70
SSEAU	Starry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)	$19M	Financial Services	Shell Companies	-0.63
VNMEU	Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)	$52M	Financial Services	Shell Companies	-0.60
INACR	Indigo Acquisition Corp Right	$448K	N/A	N/A	-0.59
VCXA	10X Capital Venture Acquisition Corp II - Class A	$86M	N/A	N/A	-0.59
JMACU	Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)	$150M	N/A	N/A	-0.59
OFSSO	OFS Capital Corp	$341M	N/A	N/A	-0.59
INAC	Indigo Acquisition Corp	$118M	Financial Services	Shell Companies	-0.56
CCIIW	Cohen Circle Acquisition Corp II - Warrants(01/07/2030)	$3.81M	N/A	N/A	-0.55
CTW	CTW Cayman - Class A	$147M	Communication Services	Electronic Gaming & Multimedia	-0.51
CCCX	Churchill Capital Corp X - Class A	$570M	Financial Services	Shell Companies	-0.51
ELOG	Eastern International Ltd	$9.59M	Industrials	Integrated Freight & Logistics	-0.50
VNMEW	Vendome Acquisition Corporation I Warrant	$2.70M	N/A	N/A	-0.49
TVAIR	Thayer Ventures Acquisition Corporation II Rights	$166K	N/A	N/A	-0.49
KCHV	Kochav Defense Acquisition Corp - Class A	$263M	Financial Services	Shell Companies	-0.48
NVSAU	New Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)	$350M	N/A	N/A	-0.48
TOACU	Talon 1 Acquisition Corp - Units (1 Ord Class A & 1/2 War)	$143M	N/A	N/A	-0.47
YSXT	Ysx Tech Co.Ltd - Class A	$20M	Industrials	Specialty Business Services	-0.46
TMDE	TMD Energy Ltd	$21M	Energy	Oil & Gas Midstream	-0.45
YHNA	YHN Acquisition I Ltd	$63M	Financial Services	Shell Companies	-0.45
NAACU	North Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)	$482M	N/A	N/A	-0.44
TSIBU	Tishman Speyer Innovation Corp II - Units (1 Ord Share Class A & 1/5 War)	$301M	N/A	N/A	-0.43
HBNB	Hotel101 Global Holdings Corp	$1.31B	Real Estate	Real Estate Services	-0.43
PC	Premium Catering (Holdings) Ltd	$30M	Industrials	Specialty Business Services	-0.42
FLAC	Frazier Lifesciences Acquisition Corp - Class A	$175M	N/A	N/A	-0.42
QUMSU	Quantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$33M	Financial Services	Shell Companies	-0.42
CDTG	CDT Environmental Technology Investment Holdings Ltd	$3.77M	Industrials	Waste Management	-0.41
FIGXU	FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)	$35M	Financial Services	Shell Companies	-0.41
NUTR	Nusatrip Inc	$174M	Consumer Cyclical	Travel Services	-0.41
SCAQU	Stratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)	$286M	N/A	N/A	-0.40
NPAC	New Providence Acquisition Corp III - Class A	$398M	Financial Services	Shell Companies	-0.40
DLCAU	Deep Lake Capital Acquisition Corp - Units (1 Ord Class A & 1/2 War)	$262M	N/A	N/A	-0.40
BMGL	Basel Medical Group Ltd	$9.61M	Healthcare	Medical Care Facilities	-0.40
DFSC	DEFSEC Technologies Inc Com	$3.99M	Industrials	Aerospace & Defense	-0.39
OBA	Oxley Bridge Acquisition Ltd - Class A	$260M	Financial Services	Shell Companies	-0.39
PACH	Pioneer Acquisition I Corp - Class A	$260M	Financial Services	Shell Companies	-0.39
EONR	HNR Acquisition Corp	$21M	Energy	Oil & Gas E&p	-0.38
TACH	Titan Acquisition Corp - Class A	$288M	Financial Services	Shell Companies	-0.38
HVMCU	Highview Merger Corp - Units (1 Ord Cls A & 1/2 War)	$52M	Financial Services	Shell Companies	-0.38
HONDU	HCM II Acquisition Corp Unit	$483M	Financial Services	Shell Companies	-0.38
RYOJ	rYojbaba Co. Ltd	$51M	Industrials	Consulting Services	-0.38
HVIIR	Hennessy Capital Investment Corp VII Rights	$482K	N/A	N/A	-0.38
SPEGU	Silver Pegasus Acquisition Corp - Units (1 Ord Cls A & 1 Rts)	$35M	Financial Services	Shell Companies	-0.37

ETFs that lowly correlated with FRME

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.91
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.75
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.73
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.71
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.70
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.69
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.69
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.68
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.68
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.68
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.66
CRCG	LEVERAGE SHARES 2X LONG CRCL DAILY ETF	$67M	N/A	Aug 8, 2025	-0.66
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	$25M	N/A	Aug 8, 2025	-0.66
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.66
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.62
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.62
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.61
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.60
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.59
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.57
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.55
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.55
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.55
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.54
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.51
DUG	ProShares UltraShort Energy	$27M	N/A	Jan 30, 2007	-0.51
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.50
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.50
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.50
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.50
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.49
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	$131M	N/A	May 28, 2015	-0.49
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.47
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$49M	N/A	Nov 6, 2008	-0.47
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.46
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.45
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.44
NFLW	ROUNDHILL NFLX WEEKLYPAY ETF	$6.70M	N/A	Jun 17, 2025	-0.44
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.44
RBIL	F/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF	$139M	0.17%	Feb 24, 2025	-0.44
OILD	Bank of Montreal	$53M	N/A	Nov 8, 2021	-0.43
WZRD	Opportunistic Trader ETF	$976K	1.00%	Jun 24, 2025	-0.43
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.42
SBIL	Simplify Government Money Market ETF	$5B	0.15%	Jul 14, 2025	-0.42
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.42
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.41
GLXU	T-REX 2X LONG GLXY DAILY TARGET ETF	$18M	N/A	Aug 7, 2025	-0.40
ASTX	Tradr 2X Long ASTS Daily ETF	$602M	N/A	Jul 10, 2025	-0.40
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.40
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.39
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.38
PLTG	LEVERAGE SHARES 2X LONG PLTR DAILY ETF	$23M	N/A	Apr 24, 2025	-0.38
BAIG	LEVERAGE SHARES 2X LONG BBAI DAILY ETF	$14M	N/A	Aug 20, 2025	-0.38
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.38
WTIP	WISDOMTREE INFLATION PLUS FUND	$21M	0.65%	Jun 16, 2025	-0.38
GLGG	LEVERAGE SHARES 2X LONG GLXY DAILY ETF	$2.80M	N/A	Aug 20, 2025	-0.38
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$82M	0.79%	Jun 28, 2024	-0.37