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High CorrelationLow Correlation

52 Stocks and 48 ETFs for diversifying Forward Air (FWRD)

The least correlated asset to Forward Air (FWRD) is company DEFSEC Technologies Inc Com (DFSC). The correlation is -0.7685.

Stocks that lowly correlated with FWRD

SymbolName
Market cap
SectorIndustry
Correlation
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.77
OFSSOOFS Capital Corp$341MN/AN/A-0.67
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.67
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.65
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.65
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.61
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$65MFinancial ServicesShell Companies-0.60
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.60
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$9.15MFinancial ServicesShell Companies-0.59
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.59
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.59
HCAIHuachen AI Parking Management Technology Holding Co. Ltd$10MIndustrialsFarm & Heavy Construction Machinery-0.58
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.57
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.55
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.55
APADREnhanced Group Inc$6.67MN/AN/A-0.54
WYFIWhitefiber Inc$1.13BTechnologyInformation Technology Services-0.54
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.52
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.52
ATIIUArchimedes Tech SPAC Partners II Co. - Units (1 Ord & 1/2 War)$267MFinancial ServicesShell Companies-0.51
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.51
BCARBank of the Carolinas CORP$303MFinancial ServicesShell Companies-0.49
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.49
JLHLJulong Holding Ltd - Class A$219MIndustrialsBuilding Products & Equipment-0.49
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.49
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.48
CNLCollective Mining Ltd.$1.14BBasic MaterialsGold-0.48
SEGGLottery.com Inc$4.48MConsumer CyclicalGambling-0.47
SIMASIM Acquisition Corp I - Class A$73MFinancial ServicesShell Companies-0.47
CEPTCantor Equity Partners II Inc - Class A$284MFinancial ServicesShell Companies-0.45
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.45
MIAXMiami International Holdings Inc$4BFinancial ServicesCapital Markets-0.45
TDICDreamland Ltd$17MCommunication ServicesAdvertising Agencies-0.45
XPDBPower & Digital Infrastructure Acquisition II Corp - Class A$634MN/AN/A-0.45
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.44
TJGCTJGC Group Ltd$69MCommunication ServicesAdvertising Agencies-0.44
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.44
AURCBetter Home & Finance Holding Co. - Class A$104MN/AN/A-0.43
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.42
RDAGRepublic Digital Acquisition Co. - Class A$311MFinancial ServicesShell Companies-0.42
ATIFATIF Holdings Ltd$6.07MN/AN/A-0.41
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.41
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.41
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.40
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.40
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.40
THRNThorne Healthtech Inc$549MN/AN/A-0.40
RDACURising Dragon Acquisition Corp - Units (1 Ord Shs & 1 Rts)$13MFinancial ServicesShell Companies-0.40
WYHGWing Yip Food Holdings Group Ltd$59MConsumer DefensivePackaged Foods-0.40
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies-0.39
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.38
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.38

ETFs that lowly correlated with FWRD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.66
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.66
QBProShares Nasdaq100 Dynamic Buffer ETF$2.80M0.58%Jun 24, 2025-0.60
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.55
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.55
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.55
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.53
AMDWROUNDHILL AMD WEEKLYPAY ETF $122MN/AJul 23, 2025-0.52
QCMUDirexion Daily QCOM Bull 2X ETF$30MN/AJun 24, 2025-0.52
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.51
DVXKWEBs Defined Volatility XLK ETF$8M0.89%Jul 22, 2025-0.49
GLXUT-REX 2X LONG GLXY DAILY TARGET ETF $18MN/AAug 7, 2025-0.49
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.49
GLGGLEVERAGE SHARES 2X LONG GLXY DAILY ETF $2.80MN/AAug 20, 2025-0.47
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.47
QPUXDefiance 2X Daily Long Pure Quantum ETF$53MN/AAug 6, 2025-0.47
QGRDHORIZON NASDAQ-100 DEFINED RISK ETF $106M0.85%Jul 9, 2025-0.46
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.46
CSCLDirexion Daily CSCO Bull 2X ETF$16MN/AJun 24, 2025-0.45
AIPODEFIANCE AI & POWER INFRASTRUCTURE ETF $958M0.69%Jul 24, 2025-0.44
DADSDIGITAL ASSET DEBT STRATEGY ETF $9.10M1.04%Aug 4, 2025-0.44
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.43
TRUTVANECK TECHNOLOGY TRUSECTOR ETF $163M0.14%Aug 20, 2025-0.43
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.43
AIOOALLIANZIM U.S. EQUITY BUFFER100 PROTECTION ETF $39M0.64%Jun 30, 2025-0.43
GXPTGLOBAL X PURECAP MSCI INFORMATION TECHNOLOGY ETF $121M0.15%Jul 22, 2025-0.42
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.42
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.42
TCAITORTOISE AI INFRASTRUCTURE ETF $278M0.65%Aug 4, 2025-0.42
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.42
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.41
PPIInvestment Managers Series Trust II Astoria Real Assets ETF$155M0.58%Dec 30, 2021-0.41
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.41
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.41
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.41
MSTWROUNDHILL MSTR WEEKLYPAY ETF $33MN/AJul 23, 2025-0.41
BAIGLEVERAGE SHARES 2X LONG BBAI DAILY ETF $14MN/AAug 20, 2025-0.40
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.40
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.40
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.40
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.40
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.39
POWVistaShares Electrification Supercycle ETF$68M0.75%Oct 27, 2025-0.39
XLKISTATE STREET(R) TECHNOLOGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $11M0.35%Jul 29, 2025-0.39
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.39
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.39
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.38
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.38