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29 Stocks and 71 ETFs for diversifying Hut 8 (HUT)

The least correlated asset to Hut 8 (HUT) is ETF IONZ (Defiance Daily Target 2x Short IONQ ETF). The correlation is -0.856.

Stocks that lowly correlated with HUT

SymbolName
Market cap
SectorIndustry
Correlation
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.69
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.58
GSHRGesher Acquisition Corp II - Class A$157MFinancial ServicesShell Companies-0.53
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.51
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.50
DLXYDelixy Holdings Ltd$7.64MEnergyOil & Gas Refining & Marketing-0.46
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.44
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.44
LZMHLZ Technology Holdings Ltd - Class B$9.02MTechnologyInformation Technology Services-0.44
GIBOGIBO Holdings Ltd$106MCommunication ServicesInternet Content & Information-0.43
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.42
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.41
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.40
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.39
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.38
SIShoulder Innovations Inc$452MN/AN/A-0.37
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.37
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.37
LPBBULaunch Two Acquisition Corp - Units (1 Ord Class A & 1/2 War)$250MFinancial ServicesShell Companies-0.37
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.37
LSBKLake Shore Bancorp Inc$134MFinancial ServicesBanks - Regional-0.37
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.37
FVNNRFuture Vision II Acquisition Corporation Right$341KN/AN/A-0.36
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.36
FVNFuture Vision II Acquisition Corporation$63MFinancial ServicesShell Companies-0.36
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.35
SLDESlide Insurance Holdings Inc$2.32BFinancial ServicesInsurance - Property & Casualty-0.35
HLNHaleon plc$44BHealthcareDrug Manufacturers - Specialty & Generic-0.35
NETDUNabors Energy Transition Corp II - Units (1 Ord Class A & 1/2 War)$73MFinancial ServicesShell Companies-0.35

ETFs that lowly correlated with HUT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.86
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.73
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.71
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.69
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.68
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.67
TSLZT-REX 2X INVERSE TESLA DAILY TARGET ETF $31MN/AOct 18, 2023-0.67
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.66
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.66
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $39MN/AAug 21, 2023-0.65
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.64
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.63
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.61
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.61
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.59
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.59
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.58
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.55
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.55
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.54
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.52
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.51
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.50
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.49
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.49
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.49
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.49
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.48
IBTPISHARES IBONDS DEC 2034 TERM TREASURY ETF $277M0.07%Jun 11, 2024-0.48
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.48
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.48
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.47
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.46
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.46
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.45
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.45
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.45
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.45
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.45
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.45
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.44
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.44
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.43
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.43
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.43
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.43
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.43
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.43
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.42
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.42
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.42
SBITProShares UltraShort Bitcoin ETF$219MN/AApr 1, 2024-0.41
MLDRGLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF $8.80M0.12%Sep 9, 2024-0.41
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.39
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.39
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.39
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.39
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.39
GENTGENTER CAPITAL TAXABLE QUALITY INTERMEDIATE ETF $98M0.38%May 21, 2024-0.38
BITIProShares Short Bitcoin ETF$144M1.01%Jun 21, 2022-0.37
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.37
SPTBSTATE STREET(R) SPDR(R) PORTFOLIO TREASURY ETF $286M0.03%May 20, 2024-0.36
USINWISDOMTREE 7-10 YEAR LADDERED TREASURY FUND $5M0.15%Mar 12, 2024-0.36
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.36
USSHWISDOMTREE 1-3 YEAR LADDERED TREASURY FUND $23M0.15%Mar 12, 2024-0.36
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.35
SDFIAB SHORT DURATION INCOME ETF $176M0.30%Dec 12, 2018-0.35
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.35
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.35
IBGAISHARES IBONDS DEC 2044 TERM TREASURY ETF $101M0.07%Jun 11, 2024-0.35