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32 Stocks and 68 ETFs for diversifying Coherent (IIVI)

The least correlated asset to Coherent (IIVI) is ETF USE (USCF ENERGY COMMODITY STRATEGY ABSOLUTE RETURN FUND). The correlation is -1.

Stocks that lowly correlated with IIVI

SymbolName
Market cap
SectorIndustry
Correlation
SLRNAcelyrin Inc$229MHealthcareBiotechnology-1.00
MGRMMonogram Technologies Inc$213MHealthcareMedical Devices-1.00
LAESSEALSQ Corp$413MTechnologySemiconductors-1.00
KVUEKenvue Inc$36BConsumer DefensiveHousehold & Personal Products-1.00
FRESFresh2 Group Limited$2.97MHealthcareDiagnostics & Research-1.00
CWDCaliberCos Inc - Class A$5.10MFinancial ServicesAsset Management-1.00
ATMUAtmus Filtration Technologies Inc$4.20BConsumer CyclicalAuto Parts-1.00
ARBBARB IOT Group Ltd$7.59MTechnologyInformation Technology Services-0.99
SYTSYLA Technologies Co Ltd$60MTechnologySoftware - Application-0.87
STHOStar Holdings$111MReal EstateReal Estate Services-0.86
ALMUAeluma Inc$297MTechnologySemiconductors-0.79
TPETTrio Petroleum Corp$13MEnergyOil & Gas E&p-0.79
ISPRIspire Technology Inc$110MConsumer DefensiveTobacco-0.78
OMHOhmyhome Ltd$8.22MReal EstateReal Estate Services-0.77
ATMCAlphaTime Acquisition Corp$33MFinancial ServicesShell Companies-0.74
WAITop KingWin Ltd - Class A$5.90MFinancial ServicesCapital Markets-0.74
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.73
AEONAEON Biopharma Inc - Class A$7.31MHealthcareBiotechnology-0.70
ICGIntchains Group Ltd$53MTechnologySemiconductors-0.69
TRNRInteractive Strength Inc$3.15MConsumer CyclicalPersonal Services-0.64
ISRLUIsrael Acquisitions Corp - Units (1 Ord Share Class A & 1 War)$24MFinancial ServicesShell Companies-0.58
NTRPNeurotrope Inc$29MConsumer CyclicalTravel Services-0.58
USGOU.S. GoldMining Inc$105MBasic MaterialsOther Industrial Metals & Mining-0.56
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.51
BLTEBelite Bio Inc$5.88BHealthcareBiotechnology-0.51
GDTCCytoMed Therapeutics Ltd$11MHealthcareBiotechnology-0.49
LICNLichen China Ltd - Class A$22MIndustrialsSpecialty Business Services-0.49
COYACoya Therapeutics Inc$114MHealthcareBiotechnology-0.48
OCSOculis Holding AG$773MHealthcareBiotechnology-0.46
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.44
HTCOCaravelle International Group$20MIndustrialsMarine Shipping-0.44
GISGeneral Mills Inc$20BConsumer DefensivePackaged Foods-0.39

ETFs that lowly correlated with IIVI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
USEUSCF ENERGY COMMODITY STRATEGY ABSOLUTE RETURN FUND $2.60M0.79%May 3, 2023-1.00
APMUACTIVEPASSIVE INTERMEDIATE MUNICIPAL BOND ETF $235M0.35%May 2, 2023-1.00
APCBACTIVEPASSIVE CORE BOND ETF $940M0.36%May 2, 2023-1.00
BBIBJPMORGAN BETABUILDERS U.S. TREASURY BOND 3-10 YEAR ETF $55M0.04%Apr 19, 2023-1.00
BBSBJPMORGAN BETABUILDERS U.S. TREASURY BOND 1-3 YEAR ETF $55M0.04%Apr 19, 2023-1.00
BTRBeacon Tactical Risk ETF$33M1.08%Apr 17, 2023-0.99
UTREF/M US TREASURY 3 YEAR NOTE ETF $9.10M0.15%Mar 27, 2023-0.94
UFIVF/M US TREASURY 5 YEAR NOTE ETF $29M0.15%Mar 27, 2023-0.92
USVNF/M US TREASURY 7 YEAR NOTE ETF $7.10M0.15%Mar 27, 2023-0.89
SHNYMicroSectors Gold 3X Leveraged ETN$79MN/AFeb 21, 2023-0.78
TUASIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF $751M0.25%Nov 14, 2022-0.77
JUCYAPTUS ENHANCED YIELD ETF $251M0.60%Oct 31, 2022-0.75
HARDSIMPLIFY COMMODITIES STRATEGY NO K-1 ETF $82M0.78%Mar 27, 2023-0.73
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.72
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.72
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.68
SSGProShares UltraShort Semiconductors -2x Shares$41MN/AJan 30, 2007-0.68
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.66
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.66
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.66
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.65
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.64
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.64
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.63
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.62
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.61
TIPDNORTHERN TRUST 2055 INFLATION-LINKED DISTRIBUTING LADDER ETF $2M0.10%Aug 18, 2025-0.61
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.61
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.59
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.59
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.56
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.55
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.55
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.55
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.54
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.52
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.52
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.52
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.51
FNGDBank of Montreal$56MN/AJan 22, 2018-0.51
TSLIGRANITESHARES 1X SHORT TSLA DAILY ETF $5.80MN/ASep 8, 2025-0.50
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.50
CGSDCAPITAL GROUP SHORT DURATION INCOME ETF SHARE CLASS$2.30B0.25%Oct 25, 2022-0.50
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.50
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.50
SQQQProShares UltraPro Short QQQ -3x Shares$2BN/AFeb 9, 2010-0.49
HIDEALPHA ARCHITECT HIGH INFLATION AND DEFLATION ETF $140M0.29%Nov 16, 2022-0.49
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.49
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.49
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.49
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.49
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.48
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.48
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.47
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.46
SRTYProShares UltraPro Short Russell2000 -3x Shares$73MN/AFeb 9, 2010-0.45
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.45
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.45
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.45
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.44
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.44
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.43
OBILF/M US TREASURY 12 MONTH BILL ETF $301M0.15%Nov 14, 2022-0.43
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.43
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.41
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.41
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.40
UNIYWISDOMTREE VOYA YIELD ENHANCED USD UNIVERSAL BOND FUND $1.30B0.15%Feb 3, 2023-0.40