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High CorrelationLow Correlation

38 Stocks and 62 ETFs for diversifying Granite Point Mortgage Trust (GPMT)

The least correlated asset to Granite Point Mortgage Trust (GPMT) is ETF QBER (TRUESHARES QUARTERLY BEAR HEDGE ETF). The correlation is -0.7336.

Stocks that lowly correlated with GPMT

SymbolName
Market cap
SectorIndustry
Correlation
OHPAOrion Acquisition Corp - Class A$417MN/AN/A-0.68
NCEWNew Century Logistics (BVI) Ltd$54MIndustrialsIntegrated Freight & Logistics-0.63
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.60
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.60
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.58
ALMAlma Metals Limited$3.90BBasic MaterialsOther Industrial Metals & Mining-0.57
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.52
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.52
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.52
NVSAUNew Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$350MN/AN/A-0.51
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.51
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.51
TSIBUTishman Speyer Innovation Corp II - Units (1 Ord Share Class A & 1/5 War)$301MN/AN/A-0.49
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.48
SVFAUSVF Investment Corp - Units (1 Ord Share Class A & 1/5 War)$766MN/AN/A-0.48
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.48
KMRKKTech Solutions Company Ltd$21MConsumer CyclicalLeisure-0.47
DLCAUDeep Lake Capital Acquisition Corp - Units (1 Ord Class A & 1/2 War)$262MN/AN/A-0.46
WENNWen Acquisition Corp - Class A$310MFinancial ServicesShell Companies-0.46
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.45
UBXGU-BX Technology Ltd$6.42MCommunication ServicesAdvertising Agencies-0.45
APADREnhanced Group Inc$6.67MN/AN/A-0.44
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.44
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.44
INLXIntellinetics Inc$25MTechnologySoftware - Application-0.44
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.43
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.43
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.43
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.43
OHPAUOrion Acquisition Corp - Units (1 Ord Share Class A & 1/4 War)$417MN/AN/A-0.42
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.42
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.42
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.41
PCAPPatriot Capital Funding Inc$324MFinancial ServicesShell Companies-0.41
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.41
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.41
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.41
TOACUTalon 1 Acquisition Corp - Units (1 Ord Class A & 1/2 War)$143MN/AN/A-0.40

ETFs that lowly correlated with GPMT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.73
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.71
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.69
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.66
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.65
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.63
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.62
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.61
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.60
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.59
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.59
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.59
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.58
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.58
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.58
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.57
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.56
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.56
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.56
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.54
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.54
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.54
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.54
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.53
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.53
FFUTFIDELITY MANAGED FUTURES ETF $247M0.80%Jun 3, 2025-0.52
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.52
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.51
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.51
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.51
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.51
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.50
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.50
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.49
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.49
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.49
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.49
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.49
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.49
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.48
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.48
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.47
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.47
TIPANORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF $18M0.10%Aug 18, 2025-0.47
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.46
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.45
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.45
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.45
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.45
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.44
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.44
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.43
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.43
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.43
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.43
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.43
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.42
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.42
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.42
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.42
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.41
TURFT. ROWE PRICE NATURAL RESOURCES ETF $157M0.44%Jun 11, 2025-0.41