46 Stocks and 54 ETFs for diversifying First Merchants (FRMEP)
The least correlated asset to First Merchants (FRMEP) is ETF EMEM (SOPHUS CAPITAL EMERGING MARKET ETF). The correlation is -0.8771.
Stocks that lowly correlated with FRMEP
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.64 |
| VOYG | Voyager Technologies Inc - Class A | $1.55B | Industrials | Aerospace & Defense | -0.62 |
| JMACU | Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War) | $150M | N/A | N/A | -0.61 |
| CV | CapsoVision Inc | $315M | Healthcare | Medical Devices | -0.59 |
| FIG | Figma Inc - Class A | $12B | Technology | Software - Application | -0.58 |
| AMBQ | Ambiq Micro Inc | $1.76B | Technology | Semiconductors | -0.56 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.55 |
| LINE | Lineage Inc | $9.99B | Real Estate | Reit - Industrial | -0.54 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.52 |
| TACOU | Berto Acquisition Corp - Units (1 Ord & 1/2 War) | $81M | Financial Services | Shell Companies | -0.51 |
| NTBL | Notable Labs Inc Ord | $2.39M | Healthcare | Biotechnology | -0.51 |
| TLIH | Ten League International Holdings Ltd | $17M | Industrials | Industrial Distribution | -0.50 |
| DFSC | DEFSEC Technologies Inc Com | $3.99M | Industrials | Aerospace & Defense | -0.50 |
| DTSQU | DT Cloud Star Acquisition Corp - Units (1Ord & 1 Rts) | $75M | Financial Services | Shell Companies | -0.49 |
| FATN | Fatpipe Inc | $67M | Technology | Software - Infrastructure | -0.49 |
| AIM | AIM ImmunoTech Inc. | $12M | Healthcare | Biotechnology | -0.49 |
| CHA | Chagee Holdings Ltd | $1.84B | Consumer Cyclical | Restaurants | -0.48 |
| CAEP | Cantor Equity Partners III Inc - Class A | $420M | Financial Services | Shell Companies | -0.48 |
| BSAA | BEST SPAC I Acquisition Corp - Class A | $63M | Financial Services | Shell Companies | -0.48 |
| PRMB | Primo Brands Corp - Class A | $9.12B | Consumer Defensive | Beverages - Non-alcoholic | -0.47 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.47 |
| SRTA | Strata Critical Medical Inc Cl A Com | $462M | Healthcare | Medical Care Facilities | -0.46 |
| TAVIU | Tavia Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $123M | Financial Services | Shell Companies | -0.46 |
| BMHL | Bluemount Holdings Ltd | $146M | Financial Services | Capital Markets | -0.45 |
| JLHL | Julong Holding Ltd - Class A | $219M | Industrials | Building Products & Equipment | -0.44 |
| AKUS | Akouos Inc | $490M | N/A | N/A | -0.44 |
| KYIV | Kyivstar Group Ltd | $3.48B | Communication Services | Telecom Services | -0.44 |
| TACO | Berto Acquisition Corp | $314M | Financial Services | Shell Companies | -0.44 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.43 |
| SHLT | SHL Telemedicine Ltd ADR | $39M | Healthcare | Health Information Services | -0.43 |
| TOACU | Talon 1 Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $143M | N/A | N/A | -0.42 |
| TACOW | Berto Acquisition Corp - Warrants (01/05/2030) | $1.62M | N/A | N/A | -0.42 |
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.41 |
| RAL | RALSTON PURINA CO | $7.56B | Technology | Electronic Components | -0.41 |
| WETO | Wetour Robotics Ltd | $11M | Technology | Software - Infrastructure | -0.40 |
| VCKAU | Scilex Holding Company - Units (1 Ord & 1/2 War) | $37M | N/A | N/A | -0.40 |
| IPODU | Dune Acquisition Corp II - Units (1 Ord Cls A & 1 War) | $156M | Financial Services | Shell Companies | -0.40 |
| FLYE | Fly-E Group Inc | $3.31M | Consumer Cyclical | Auto Manufacturers | -0.40 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.40 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.39 |
| AEBI | Aebi Schmidt Holding AG | $971M | Industrials | Farm & Heavy Construction Machinery | -0.39 |
| COEP | Coeptis Therapeutics Holdings Inc. Common Stock | $22M | Healthcare | Biotechnology | -0.39 |
| OTF | Blue Owl Technology Finance Corp | $4.79B | Financial Services | Asset Management | -0.39 |
| CHAR | CHAPARRAL RESOURCES INC | $119M | Financial Services | Shell Companies | -0.39 |
| GTERR | Globa Terra Acquisition Corporation Rights | $407K | N/A | N/A | -0.39 |
| SEGG | Lottery.com Inc | $4.48M | Consumer Cyclical | Gambling | -0.39 |