Skip to main content

Want a detailed portfolio tracker?

34 Stocks and 66 ETFs for diversifying Fortinet (FTNT)

The least correlated asset to Fortinet (FTNT) is company Enhanced Group (APAD). The correlation is -0.8624.

Stocks that lowly correlated with FTNT

SymbolName
Market cap
SectorIndustry
Correlation
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.86
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.79
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.75
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.74
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.73
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.72
AUGOAura Minerals Inc$4.54BBasic MaterialsGold-0.66
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.59
VWAVVisionWave Holdings Inc$85MIndustrialsAerospace & Defense-0.55
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.53
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.53
HAOHaoxi Health Technology Ltd - Class A$1.03MCommunication ServicesAdvertising Agencies-0.51
EMPGEmpro Group Inc$139MHealthcareMedical Distribution-0.51
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.50
QETARQuetta Acquisition Corp$1.43MN/AN/A-0.50
YMTYimutian Inc$111MTechnologySoftware - Application-0.47
NEE-P-UNextEra Energy Inc Series U Junior Subordinated Debentures due June 1 2085$51BN/AN/A-0.47
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.46
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.45
ANPARich Sparkle Holdings Ltd$53MIndustrialsSpecialty Business Services-0.45
GMMGlobal Mofy AI Ltd - Class A$6.93MTechnologyInformation Technology Services-0.44
MDXHMDxHealth SA$22MHealthcareDiagnostics & Research-0.44
MENSJyong Biotech Ltd$174MHealthcareBiotechnology-0.43
LGCBLinkage Global Inc$24MConsumer CyclicalInternet Retail-0.43
BAYARBayview Acquisition Corp$143KN/AN/A-0.42
KRMNKarman Holdings Inc$6.47BIndustrialsAerospace & Defense-0.41
GSRTUGSR III Acquisition Corp - Units (1 Ord Class A & 1/7 Rts)$467MN/AN/A-0.41
MLACMountain Lake Acquisition Corp - Class A$43MN/AN/A-0.41
AURCBetter Home & Finance Holding Co. - Class A$104MN/AN/A-0.40
POLEUAndretti Acquisition Corp II - Units (1 Ord Class A & 1/2 War)$223MFinancial ServicesShell Companies-0.40
PHARPharming Group N.V.$940MHealthcareBiotechnology-0.40
UBXGU-BX Technology Ltd$6.42MCommunication ServicesAdvertising Agencies-0.40
NATLNCR Atleos Corp$3.41BTechnologySoftware - Application-0.39
CAICaris Life Sciences Inc - Class A$4.94BHealthcareBiotechnology-0.39

ETFs that lowly correlated with FTNT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.77
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.75
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.68
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.62
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.61
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.55
GBUGSprott Active Gold & Silver Miners$141M0.90%Feb 19, 2025-0.53
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.53
AUMITHEMES GOLD MINERS ETF $25M0.35%Dec 12, 2023-0.52
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.51
GDXYYIELDMAX(R) GOLD MINERS OPTION INCOME STRATEGY ETF $213M1.00%May 20, 2024-0.50
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.50
DEFRAPTUS DEFERRED INCOME ETF$139M0.79%May 13, 2025-0.50
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.50
SLDRGLOBAL X SHORT-TERM TREASURY LADDER ETF $39M0.12%Sep 9, 2024-0.49
IBTQISHARES IBONDS DEC 2035 TERM TREASURY ETF $236M0.07%Mar 25, 2025-0.49
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-0.48
IAUINEOS GOLD HIGH INCOME ETF $448M0.79%Jun 4, 2025-0.47
GLDYDEFIANCE GOLD ENHANCED OPTIONS INCOME ETF $32M1.04%Apr 1, 2025-0.47
LDRCISHARES IBONDS 1-5 YEAR CORPORATE LADDER ETF $98M0.10%Nov 7, 2024-0.47
BLSTBLUEMONTE SHORT TERM BOND ETF $167M0.23%Jun 20, 2025-0.47
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.47
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.47
PDDLGRANITESHARES 2X LONG PDD DAILY ETF $7.60MN/AJul 14, 2025-0.46
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-0.46
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.46
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.46
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.46
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.45
KGLDKurv Gold Enhanced Income ETF$97M1.00%Jul 7, 2025-0.45
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.45
OTGLOTG LATIN AMERICA ETF $28M0.95%May 7, 2019-0.44
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.44
HFMFUNLIMITED HFMF MANAGED FUTURES ETF $22M0.97%Jul 14, 2025-0.44
BNDYHORIZON CORE BOND ETF $249M0.66%Jul 2, 2025-0.44
SCCRSCHWAB CORE BOND ETF $1.50B0.16%Feb 4, 2025-0.44
TURFT. ROWE PRICE NATURAL RESOURCES ETF $157M0.44%Jun 11, 2025-0.44
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.43
ZTREF/M 3-YEAR INVESTMENT GRADE CORPORATE BOND ETF $40M0.15%Jan 10, 2024-0.42
MLDRGLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF $8.80M0.12%Sep 9, 2024-0.42
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.42
VSDBVANGUARD SHORT DURATION BOND ETF ETF SHARES$896M0.15%Apr 2, 2025-0.42
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.42
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.42
KDEFPLUS KOREA DEFENSE INDUSTRY INDEX ETF $108M0.65%Feb 4, 2025-0.41
FCBDFRONTIER ASSET CORE BOND ETF $40M0.84%Dec 19, 2024-0.41
BDBTBLUEMONTE CORE BOND ETF $480M0.23%Jun 20, 2025-0.41
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.41
TIPDNORTHERN TRUST 2055 INFLATION-LINKED DISTRIBUTING LADDER ETF $2M0.10%Aug 18, 2025-0.41
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.41
CAFXCONGRESS INTERMEDIATE BOND ETF $325M0.35%Sep 9, 2024-0.41
LENSSARMAYA THEMATIC ETF $50M0.79%Jan 28, 2025-0.41
ORRMILITIA LONG/SHORT EQUITY ETF $351M10.91%Jan 14, 2025-0.40
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.40
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.40
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.40
SCUSSCHWAB ULTRA-SHORT INCOME ETF $242M0.14%Aug 12, 2024-0.40
AGGAEA ASTORIA DYNAMIC CORE US FIXED INCOME ETF $89M0.55%Apr 30, 2025-0.40
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.40
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.39
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.39
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.39
BSCZInvesco BulletShares 2035 Corporate Bond ETF$267M0.10%Jun 11, 2025-0.39
VGUSVANGUARD ULTRA-SHORT TREASURY ETF ETF SHARES$1B0.07%Feb 10, 2025-0.39
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.39
HFGMUNLIMITED HFGM GLOBAL MACRO ETF $152M1.01%Apr 14, 2025-0.39