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High CorrelationLow Correlation

24 Stocks and 76 ETFs for diversifying Gates Industrial (GTES)

The least correlated asset to Gates Industrial (GTES) is ETF MYY (PROSHARES SHORT MIDCAP400). The correlation is -0.7446.

Stocks that lowly correlated with GTES

SymbolName
Market cap
SectorIndustry
Correlation
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.65
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.56
DHCADHC Acquisition Corp - Class A$16MN/AN/A-0.55
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.55
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.51
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.50
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.48
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$183MFinancial ServicesShell Companies-0.48
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.47
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.46
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.46
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.45
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.44
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.44
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.43
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.43
MCACUConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)$70MFinancial ServicesShell Companies-0.40
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.39
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.38
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.37
RALRalliant Corporation$6.99BN/AN/A-0.37
YHNAYHN Acquisition I Ltd$63MFinancial ServicesShell Companies-0.37
MLGOMicroAlgo Inc$43MTechnologySoftware - Infrastructure-0.36
OTFBlue Owl Technology Finance Corp$4.94BFinancial ServicesAsset Management-0.35

ETFs that lowly correlated with GTES

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.74
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.74
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.73
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.72
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.72
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.72
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.72
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.72
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.71
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.70
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.69
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.68
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.68
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.67
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.67
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.67
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.67
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.67
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.66
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.65
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.65
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.65
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.64
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.64
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.63
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.63
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.61
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.61
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.61
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.61
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.60
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.60
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.60
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.59
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.58
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.58
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.57
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.56
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.56
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.55
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.54
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.54
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.54
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.52
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.52
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.51
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.51
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.49
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.49
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.49
OILDBank of Montreal$19MN/ANov 8, 2021-0.48
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.48
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.48
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.48
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.47
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.46
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.46
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.46
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.45
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.45
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.45
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.43
BITIProShares Short Bitcoin ETF$187M1.01%Jun 21, 2022-0.42
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.42
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.41
FNGDBank of Montreal$68MN/AJan 22, 2018-0.40
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.39
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.39
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.38
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.38
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.37
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.37
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.37
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.37
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.37
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.35