39 Stocks and 61 ETFs for diversifying Lincoln Electric (LECO)
The least correlated asset to Lincoln Electric (LECO) is ETF SIJ (ProShares UltraShort Industrials -2x Shares). The correlation is -0.7347.
Stocks that lowly correlated with LECO
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.61 |
| SAFX | XCF Global Inc | $145M | Utilities | Utilities - Renewable | -0.60 |
| MCTR | CTRL Group Ltd | $15M | Communication Services | Advertising Agencies | -0.57 |
| TWNP | Twin Hospitality Group Inc. Class A Common Stock | $4.08M | Consumer Cyclical | Restaurants | -0.55 |
| LHAI | Linkhome Holdings Inc | $19M | Real Estate | Real Estate Services | -0.54 |
| EDHL | Everbright Digital Holding Ltd | $5.88M | Communication Services | Advertising Agencies | -0.52 |
| ADVB | Advanced Biomed Inc | $7.21M | Healthcare | Diagnostics & Research | -0.52 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.51 |
| YSXT | Ysx Tech Co.Ltd - Class A | $20M | Industrials | Specialty Business Services | -0.50 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.50 |
| HBNB | Hotel101 Global Holdings Corp | $1.31B | Real Estate | Real Estate Services | -0.50 |
| KCHV | Kochav Defense Acquisition Corp - Class A | $263M | Financial Services | Shell Companies | -0.48 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.48 |
| QUMSU | Quantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $33M | Financial Services | Shell Companies | -0.48 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.47 |
| SI | Shoulder Innovations Inc | $452M | N/A | N/A | -0.46 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.46 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.45 |
| SLDE | Slide Insurance Holdings Inc | $2.32B | Financial Services | Insurance - Property & Casualty | -0.45 |
| SSEAU | Starry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts) | $19M | Financial Services | Shell Companies | -0.45 |
| AII | American Integrity Insurance Group Inc | $358M | Financial Services | Insurance - Property & Casualty | -0.44 |
| TLX | Telix Pharmaceuticals Ltd | $3.82B | Healthcare | Biotechnology | -0.43 |
| LGPS | LogProstyle Inc | $26M | Industrials | Conglomerates | -0.43 |
| EPWK | EPWK Holdings Ltd - Class A | $9.78K | Technology | Software - Application | -0.43 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.43 |
| BMGL | Basel Medical Group Ltd | $9.61M | Healthcare | Medical Care Facilities | -0.42 |
| PGAC | Pantages Capital Acquisition Corp Cl A Ord Shs | $118M | Financial Services | Shell Companies | -0.42 |
| SDHI | Siddhi Acquisition Corp - Class A | $288M | Financial Services | Shell Companies | -0.42 |
| PFAI | Pinnacle Food Group Ltd - Class A | $43M | Consumer Defensive | Farm Products | -0.41 |
| CBIO | N/A | $432M | Healthcare | Biotechnology | -0.40 |
| LWAC | LightWave Acquisition Corp - Class A | $221M | Financial Services | Shell Companies | -0.40 |
| RNERU | Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt) | $125M | N/A | N/A | -0.40 |
| PEW | GrabAGun Digital Holdings Inc | $75M | Industrials | Aerospace & Defense | -0.40 |
| OMDA | Omada Health Inc | $1.41B | Healthcare | Health Information Services | -0.40 |
| RETO | ReTo Eco-Solutions Inc - Class A | $6.39M | Basic Materials | Building Materials | -0.40 |
| DAAQ | Digital Asset Acquisition Corp - Class A | $180M | Financial Services | Shell Companies | -0.39 |
| VCKAU | Scilex Holding Company - Units (1 Ord & 1/2 War) | $37M | N/A | N/A | -0.39 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.39 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.39 |