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29 Stocks and 71 ETFs for diversifying nLIGHT (LASR)

The least correlated asset to nLIGHT (LASR) is company Lakeshore Acquisition III (LCCC). The correlation is -0.7505.

Stocks that lowly correlated with LASR

SymbolName
Market cap
SectorIndustry
Correlation
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.75
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.71
IOTRiOThree Ltd$5.23MCommunication ServicesTelecom Services-0.66
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.62
BULLWebull Corporation$2.47BTechnologySoftware - Application-0.57
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.55
WYHGWing Yip Food Holdings Group Ltd$43MConsumer DefensivePackaged Foods-0.53
EGHAEGH Acquisition Corp - Class A$212MFinancial ServicesShell Companies-0.51
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.50
UYSCUY Scuti Acquisition Corp$73MFinancial ServicesShell Companies-0.48
HCAIHuachen AI Parking Management Technology Holding Co. Ltd$13MIndustrialsFarm & Heavy Construction Machinery-0.47
AOMDAngel Oak Mortgage REIT Inc$622MN/AN/A-0.47
ADVBAdvanced Biomed Inc$5.36MHealthcareDiagnostics & Research-0.46
SDHISiddhi Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.46
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.46
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.46
CHPGRChampionsGate Acquisition Corp$257KN/AN/A-0.45
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.42
FATBPFAT Brands Inc$2.38MConsumer CyclicalRestaurants-0.42
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.40
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.39
CGCTCartesian Growth Corp III - Class A$283MFinancial ServicesShell Companies-0.39
TWODTwo Harbors Investment Corp$2.67BN/AN/A-0.39
LHSWLianhe Sowell International Group Ltd$9.40MTechnologySoftware - Infrastructure-0.39
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.38
RALRalliant Corporation$6.99BN/AN/A-0.38
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.37
MITPAG Mortgage Investment Trust Inc$800MN/AN/A-0.36
SORATop Win International Ltd$65MConsumer CyclicalLuxury Goods-0.35

ETFs that lowly correlated with LASR

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.63
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.62
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.62
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.59
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.59
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.58
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.58
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.58
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.58
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.58
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.57
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.57
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.57
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.56
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.56
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.56
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.56
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.56
FBProShares S&P 500 Dynamic Buffer ETF$1.70M0.58%Jun 24, 2025-0.55
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.55
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.53
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.53
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.52
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.51
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.51
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.51
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.51
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.50
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.50
RBProShares Russell 2000 Dynamic Buffer ETF$1.10M0.58%Jun 24, 2025-0.50
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.50
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.49
CPSUCalamos S&P 500 Structured Alt Protection ETF June$13M0.69%Jun 2, 2025-0.49
AMZWROUNDHILL AMZN WEEKLYPAY ETF $41MN/AJun 17, 2025-0.48
ZJUNInnovator Equity Defined Protection ETF 1 Yr June$34M0.79%May 30, 2025-0.47
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.47
FNGDBank of Montreal$68MN/AJan 22, 2018-0.47
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.47
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.46
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.46
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.46
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.46
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.46
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.45
BUFHFT Vest Laddered Max Buffer ETF$53M0.95%Jun 24, 2025-0.45
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.45
QBProShares Nasdaq100 Dynamic Buffer ETF$1.40M0.58%Jun 24, 2025-0.45
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.45
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.45
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.44
BUFXFT Vest Laddered Enhance & Moderate Buffer ETF$12M0.96%Jun 24, 2025-0.44
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.44
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.44
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.43
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.42
PVEXTRUESHARES CONVEQUITY ETF $55M0.82%Jun 27, 2025-0.42
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.42
HGROHEDGEYE QUALITY GROWTH ETF $97M0.70%Jun 10, 2025-0.42
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.42
SPYATwin Oak Endure ETF$127M0.49%Jun 2, 2025-0.41
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.41
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.40
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.40
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.40
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.40
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.39
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.38
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.37
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.36
SFTYHORIZON MANAGED RISK ETF $370M0.77%Jun 25, 2025-0.35