90 Stocks and 10 ETFs for diversifying FTAC Parnassus Acquisition (FTPA)
The least correlated asset to FTAC Parnassus Acquisition (FTPA) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.
Stocks that lowly correlated with FTPA
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| NETD | Nabors Energy Transition Corp II - Class A | $73M | Financial Services | Shell Companies | -1.00 |
| EICB | Eagle Point Income Company Inc. 7.75% Series B Term Preferred Stock Due 2028 | $626M | Financial Services | Asset Management | -1.00 |
| BLMZ | Harrison Global Holdings Inc | $172K | Communication Services | Entertainment | -1.00 |
| NUTR | Nusatrip Inc | $174M | Consumer Cyclical | Travel Services | -0.99 |
| LAWR | Robot Consulting Co. Ltd | $158M | Industrials | Consulting Services | -0.99 |
| EMPG | Empro Group Inc | $139M | Healthcare | Medical Distribution | -0.99 |
| MAMK | MaxsMaking Inc - Class A | $195M | Industrials | Conglomerates | -0.99 |
| DYCQU | DT Cloud Acquisition Corp - Units (1 Ord & 1 Right) | $26M | Financial Services | Shell Companies | -0.98 |
| DYCQR | DT Cloud Acquisition Corp | $474K | N/A | N/A | -0.95 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.95 |
| RHLD | Resolute Holdings Management Inc | $1.12B | Industrials | Specialty Business Services | -0.92 |
| HBNB | Hotel101 Global Holdings Corp | $1.31B | Real Estate | Real Estate Services | -0.90 |
| DTCK | Davis Commodities Ltd | $1.23M | Consumer Defensive | Farm Products | -0.87 |
| CYPH | Cypherpunk Technologies Inc | $71M | Financial Services | Asset Management | -0.84 |
| OAKUU | Oak Woods Acquisition Corp - Units (1 Ord Class A & 1 War 1 Right ) | $21M | Financial Services | Shell Companies | -0.84 |
| CMBM | Cambium Networks Corp | $12M | Technology | Communication Equipment | -0.84 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.81 |
| NTWOU | Newbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $184M | Financial Services | Shell Companies | -0.81 |
| INBX | Inhibrx Biosciences Inc | $1.33B | Healthcare | Biotechnology | -0.81 |
| SOHO | Sotherly Hotels Inc | $46M | Real Estate | Reit - Hotel & Motel | -0.81 |
| BACQU | Merlin Inc - Units (1Ord Class A & 1 Rights) | $781M | Financial Services | Shell Companies | -0.80 |
| RANGR | Range Capital Acquisition Corp | $1.20M | N/A | N/A | -0.80 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.79 |
| COLAR | Columbus Acquisition Corp Rights | $778K | N/A | N/A | -0.79 |
| CLCO | Cool Company Ltd. | $520M | Energy | Oil & Gas Midstream | -0.79 |
| ANRO | Alto Neuroscience Inc | $973M | Healthcare | Biotechnology | -0.78 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $213M | Financial Services | Shell Companies | -0.78 |
| INTS | Intensity Therapeutics Inc | $12M | Healthcare | Biotechnology | -0.77 |
| AAM | AA Mission Acquisition Corp. | $368M | Financial Services | Shell Companies | -0.77 |
| TERN | Terns Pharmaceuticals Inc | $5.95B | Healthcare | Biotechnology | -0.77 |
| IRWD | Ironwood Pharmaceuticals Inc - Class A | $658M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.76 |
| DTSQ | DT Cloud Star Acquisition Corp | $70M | Financial Services | Shell Companies | -0.76 |
| MRSN | Mersana Therapeutics Inc | $145M | Healthcare | Biotechnology | -0.75 |
| FRGE | Forge Global Holdings, Inc. | $617M | Financial Services | Capital Markets | -0.75 |
| APUS | Apimeds Pharmaceuticals US Inc | $8.51M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.75 |
| NAUT | Nautilus Biotechnology Inc | $221M | Healthcare | Biotechnology | -0.74 |
| GIFI | Gulf Island Fabrication Inc | $192M | Industrials | Metal Fabrication | -0.73 |
| BKV | BKV Corp | $2.81B | Energy | Oil & Gas E&p | -0.73 |
| LPBBU | Launch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $250M | Financial Services | Shell Companies | -0.72 |
| HUHU | HUHUTECH International Group Inc | $118M | Industrials | Specialty Industrial Machinery | -0.72 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.71 |
| EVOK | Evoke Pharma Inc | $19M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.70 |
| FERA | Fifth Era Acquisition Corp I - Class A | $246M | Financial Services | Shell Companies | -0.70 |
| LSBK | Lake Shore Bancorp Inc | $134M | Financial Services | Banks - Regional | -0.70 |
| FIGX | FIGX Capital Acquisition Corp - Class A | $159M | Financial Services | Shell Companies | -0.70 |
| TACH | Titan Acquisition Corp - Class A | $288M | Financial Services | Shell Companies | -0.70 |
| DLXY | Delixy Holdings Ltd | $7.64M | Energy | Oil & Gas Refining & Marketing | -0.69 |
| CCLDO | CareCloud Inc | $1.17B | Healthcare | Health Information Services | -0.68 |
| NTRP | Neurotrope Inc | $29M | Consumer Cyclical | Travel Services | -0.68 |
| CSIQ | Canadian Solar Inc | $1.07B | Technology | Solar | -0.67 |
| GMED | Globus Medical Inc - Class A | $11B | Healthcare | Medical Devices | -0.65 |
| MH | McGraw Hill Inc | $1.95B | Consumer Defensive | Education & Training Services | -0.64 |
| COGT | Cogent Biosciences Inc | $6.71B | Healthcare | Biotechnology | -0.64 |
| TEO | Telecom Argentina S.A. | $5.94B | Communication Services | Telecom Services | -0.63 |
| DIBS | 1stdibs.com Inc | $164M | Communication Services | Internet Content & Information | -0.63 |
| LMNX | Luminex Corp | $620M | N/A | N/A | -0.62 |
| VTYX | Ventyx Biosciences Inc | $999M | Healthcare | Biotechnology | -0.62 |
| CEPU | Central Puerto | $2.26B | Utilities | Utilities - Regulated Electric | -0.61 |
| SRDX | Surmodics Inc | $614M | Healthcare | Medical Devices | -0.61 |
| VTMX | Corporacion Inmobiliaria Vesta Sab | $2.99B | Real Estate | Real Estate - Development | -0.61 |
| VCICU | Vine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War) | $75M | Financial Services | Shell Companies | -0.61 |
| OAKU | Oak Woods Acquisition Corp - Class A | $44M | Financial Services | Shell Companies | -0.61 |
| WYTC | Wytec International Inc | $14M | Communications Equipment | Information Technology | -0.61 |
| MBX | MBX Biosciences Inc | $2.89B | Healthcare | Biotechnology | -0.61 |
| SOHOB | Sotherly Hotels Inc | $381M | Real Estate | Reit - Hotel & Motel | -0.60 |
| HBIO | Harvard Bioscience Inc | $27M | Healthcare | Medical Instruments & Supplies | -0.60 |
| PUMP | ProPetro Holding Corp | $1.57B | Energy | Oil & Gas Equipment & Services | -0.60 |
| SSP | E.W. Scripps Co. - Class A | $277M | Communication Services | Broadcasting | -0.60 |
| CURR | Currenc Group Inc | $251M | Technology | Software - Application | -0.60 |
| TRINI | Trinity Capital Inc | $2.23B | N/A | N/A | -0.59 |
| MD | Pediatrix Medical Group Inc | $2.12B | Healthcare | Medical Care Facilities | -0.59 |
| CLST | Catalyst Bancorp Inc | $68M | Financial Services | Banks - Regional | -0.59 |
| FEMY | Femasys Inc | $11M | Healthcare | Medical Instruments & Supplies | -0.59 |
| BHF | Brighthouse Financial Inc | $3.74B | Financial Services | Insurance - Life | -0.59 |
| ELWS | Earlyworks Co Ltd | $55M | Technology | Software - Application | -0.59 |
| JCAP | Jefferson Capital Inc | $1.06B | Financial Services | Credit Services | -0.58 |
| HTCO | Caravelle International Group | $20M | Industrials | Marine Shipping | -0.58 |
| ALTO | Alto Ingredients Inc | $405M | Basic Materials | Specialty Chemicals | -0.58 |
| LOMA | Loma Negra Compania Industrial Argentina Sociedad Anonima | $1.35B | Basic Materials | Building Materials | -0.58 |
| MTC | Mmtec Inc | $255M | Technology | Software - Application | -0.58 |
| RANI | Rani Therapeutics Holdings Inc Class A | $122M | Healthcare | Biotechnology | -0.58 |
| SUPV | Grupo Supervielle S.A. | $901M | Financial Services | Banks - Regional | -0.58 |
| BW | Babcock & Wilcox Enterprises Inc | $1.48B | Industrials | Specialty Industrial Machinery | -0.57 |
| OESX | Orion Energy Systems Inc | $41M | Industrials | Electrical Equipment & Parts | -0.57 |
| NEWTI | NewtekOne Inc | $419M | N/A | N/A | -0.57 |
| LWAC | LightWave Acquisition Corp - Class A | $221M | Financial Services | Shell Companies | -0.57 |
| KW | KENNEDY-WILSON HOLDINGS, INC. | $1.52B | Real Estate | Real Estate Services | -0.56 |
| AHR | American Healthcare REIT Inc | $10B | Real Estate | Reit - Healthcare Facilities | -0.56 |
| MAGH | Magnitude International Ltd | $230M | Industrials | Engineering & Construction | -0.56 |
| EDN | Empresa Distribuidora y Comercial Norte S.A. | $1.13B | Utilities | Utilities - Regulated Electric | -0.56 |
ETFs that lowly correlated with FTPA
| Symbol | Name | AUM | Expense Ratio | Inception Date | Correlation |
|---|---|---|---|---|---|
| NTRL | First Trust Equity Market Neutral ETF | $19M | 0.95% | Feb 4, 2020 | -1.00 |
| XCOM | Ultra Communication Services Select Sector ETF | $384K | N/A | Jun 2, 2026 | -1.00 |
| SMCZ | DEFIANCE DAILY TARGET 2X SHORT SMCI ETF | $13M | N/A | Mar 31, 2025 | -0.77 |
| ELIL | Direxion Daily LLY Bull 2X Shares | $23M | N/A | Mar 25, 2025 | -0.72 |
| LLYX | DEFIANCE DAILY TARGET 2X LONG LLY ETF | $74M | N/A | Aug 8, 2024 | -0.71 |
| METD | DIREXION DAILY META BEAR 1X SHARES | $7.90M | 1.02% | Jun 5, 2024 | -0.70 |
| DZZ | PowerShares DB Gold Double Short ETN | $1.20M | N/A | Feb 27, 2008 | -0.69 |
| BAMU | Brookstone Ultra-Short Bond ETF | $68M | 1.05% | Sep 26, 2023 | -0.59 |
| MRGR | PROSHARES MERGER ETF | $16M | 0.75% | Dec 11, 2012 | -0.58 |
| SLTY | YIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF | $19M | 1.25% | Aug 20, 2025 | -0.56 |