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50 Stocks and 50 ETFs for diversifying Karooooo (KARO)

The least correlated asset to Karooooo (KARO) is ETF JHDG (JOHN HANCOCK HEDGED EQUITY ETF). The correlation is -0.8755.

Stocks that lowly correlated with KARO

SymbolName
Market cap
SectorIndustry
Correlation
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.74
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.70
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.63
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.62
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.58
AXINAxiom Intelligence Acquisition Corp 1 - Class A$341MFinancial ServicesShell Companies-0.58
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.57
VNMEVendome Acquisition Corporation I$254MFinancial ServicesShell Companies-0.57
TMUSLTMobile US Inc 6.250 Senior Notes due 2069$27BN/AN/A-0.56
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.55
OBAOxley Bridge Acquisition Ltd - Class A$260MFinancial ServicesShell Companies-0.55
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.55
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.54
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.53
BCARBank of the Carolinas CORP$303MFinancial ServicesShell Companies-0.53
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.53
CGCTCartesian Growth Corporation III Class A Ordinary Shares$283MFinancial ServicesShell Companies-0.53
QETAQuetta Acquisition Corp$43MFinancial ServicesShell Companies-0.49
MACIUMelar Acquisition Corp I - Units (1 Ord Class A & 1 War)$178MFinancial ServicesShell Companies-0.48
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.48
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.48
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.47
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.47
RCTRedCloud Holdings PLC$14MTechnologySoftware - Application-0.46
SZZLSizzle Acquisition Corp II - Class A$245MFinancial ServicesShell Companies-0.46
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.46
PSIGPS International Group Ltd$21MIndustrialsIntegrated Freight & Logistics-0.44
SPEGUSilver Pegasus Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.44
EVACEDWARDS GROUP LTD Foreign$597MFinancial ServicesShell Companies-0.44
AFJKRAimei Health Technology Co Ltd$236KN/AN/A-0.44
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.44
OFSSOOFS Capital Corp$341MN/AN/A-0.42
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.42
SIMAUSIM Acquisition Corp I$251MFinancial ServicesShell Companies-0.41
SHMDSCHMID Group N.V. - Class A$215MIndustrialsSpecialty Industrial Machinery-0.40
TE-WST1 Energy Inc Wt Exp$19MN/AN/A-0.40
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.40
BCARUD. Boral ARC Acquisition I Corp Units$157MFinancial ServicesShell Companies-0.39
FGMCUFG Merger II Corp - Units (1 Ord & 1/2 War)$91MFinancial ServicesShell Companies-0.39
COLARColumbus Acquisition Corp Rights$778KN/AN/A-0.38
LCCCULakeshore Acquisition III Corp - Units (1 Ord Shs & 1 Rts)$21MFinancial ServicesShell Companies-0.38
NHICNewHold Investment Corp III - Class A$202MN/AN/A-0.38
MKLYUMcKinley Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$59MFinancial ServicesShell Companies-0.38
GSHRGesher Acquisition Corp II - Class A$157MFinancial ServicesShell Companies-0.38
FGMCFG Merger II Corp$83MFinancial ServicesShell Companies-0.37
HMRSports Properties Acquisition Corp$65MIndustrialsMarine Shipping-0.37
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.37
CURRCurrenc Group Inc$251MTechnologySoftware - Application-0.36
BLTEBelite Bio Inc$5.88BHealthcareBiotechnology-0.36
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.36

ETFs that lowly correlated with KARO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGJOHN HANCOCK HEDGED EQUITY ETF $90M0.49%Apr 7, 2026-0.88
EMEMSOPHUS CAPITAL EMERGING MARKET ETF $61M0.65%May 19, 2026-0.87
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.70
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.60
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.58
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.57
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.57
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.52
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.51
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.51
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.50
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.50
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.50
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.50
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.50
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.49
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.48
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.47
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.47
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.46
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.46
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.46
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.45
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.45
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.45
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.45
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.44
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.44
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.43
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.43
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.42
NVYYGraniteShares YieldBOOST NVDA ETF$39M1.15%May 12, 2025-0.42
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.42
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.41
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.41
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.40
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.40
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.40
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.40
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.40
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.39
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.39
QQWZPACER CASH COWZ 100-NASDAQ 100 ROTATOR ETF $39M0.49%May 6, 2025-0.39
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.39
CSCLDirexion Daily CSCO Bull 2X ETF$16MN/AJun 24, 2025-0.38
NVDWROUNDHILL NVDA WEEKLYPAY ETF $110MN/AFeb 18, 2025-0.38
ASTXTradr 2X Long ASTS Daily ETF$602MN/AJul 10, 2025-0.38
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.37
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.37
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.37