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High CorrelationLow Correlation

46 Stocks and 54 ETFs for diversifying Independent Bank (INDB)

The least correlated asset to Independent Bank (INDB) is ETF SKRE (TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF). The correlation is -0.9194.

Stocks that lowly correlated with INDB

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.63
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.61
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.60
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.60
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.59
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.58
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.52
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.50
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.50
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.48
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.48
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.46
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.46
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.45
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.44
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.43
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.43
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.43
GENQUESGL Holdings Ltd - Units (1 Ord Share Class A & 1 War)$99MN/AN/A-0.43
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.43
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.42
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.41
TOACUTalon 1 Acquisition Corp - Units (1 Ord Class A & 1/2 War)$143MN/AN/A-0.40
PRDSPardes Biosciences Inc$129MN/AN/A-0.39
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.39
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.38
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.38
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.38
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.38
FVNFuture Vision II Acquisition Corporation$62MFinancial ServicesShell Companies-0.37
OMHOhmyhome Ltd$24MReal EstateReal Estate Services-0.37
EFC-P-DEllington Financial Inc$2.87BN/AN/A-0.36
LITTLogistics Innovation Technologies Corp - Class A$349MN/AN/A-0.36
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.36
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.36
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.36
BDMDBaird Medical Investment Holdings Ltd .$44MHealthcareMedical Devices-0.36
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.36
WETOWebus International Ltd$11MTechnologySoftware - Infrastructure-0.35
AVACUAvalon Acquisition Inc - Units (1 Ord Share Class A & 3/4 War)$283MN/AN/A-0.35
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.35
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.34
EONRHNR Acquisition Corp$22MEnergyOil & Gas E&p-0.34
GAUZGauzy Ltd$12MTechnologyElectronic Components-0.34
YHNAYHN Acquisition I Ltd$63MFinancial ServicesShell Companies-0.34
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.34

ETFs that lowly correlated with INDB

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.92
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.66
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.65
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.64
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.63
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.61
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.60
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.59
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.58
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.58
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.57
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.57
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.54
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.54
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.53
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.52
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.51
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.49
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.48
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.47
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.46
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.46
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.44
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.43
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.43
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.43
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.43
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.42
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.42
TSLZT-Rex 2X Inverse Tesla Daily Target ETF$46MN/AOct 18, 2023-0.42
LDRHISHARES IBONDS 1-5 YEAR HIGH YIELD AND INCOME LADDER ETF $7.90M0.35%Nov 7, 2024-0.41
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.41
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.40
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.40
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.39
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.39
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.38
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.38
MSIIREX MSTR GROWTH & INCOME ETF $4.40MN/AJun 3, 2025-0.37
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.37
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.36
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.36
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.36
OILDBank of Montreal$19MN/ANov 8, 2021-0.36
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.36
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $42MN/AAug 21, 2023-0.36
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $11MN/AJun 9, 2025-0.35
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.35
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.35
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.35
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.34
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.34
CSHPEnhanced Short-Term Bond ETF$190M0.20%Jul 17, 2024-0.34
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.34