Overview Performance Dividends Metrics Financials ETFs Industry Splits Correlations

21 Stocks and 79 ETFs for diversifying Merchants Bancorp (MBIN)

The least correlated asset to Merchants Bancorp (MBIN) is company Omada Health (OMDA). The correlation is -0.6569.

Stocks that lowly correlated with MBIN

Symbol	Name	Market cap	Sector	Industry	Correlation
OMDA	Omada Health Inc	$1.41B	Healthcare	Health Information Services	-0.66
FIGXU	FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)	$35M	Financial Services	Shell Companies	-0.60
TWNP	Twin Hospitality Group Inc. Class A Common Stock	$4.08M	Consumer Cyclical	Restaurants	-0.54
BGM	Qilian International Holding Group Ltd - Class A	$7.45M	Healthcare	Drug Manufacturers - Specialty & Generic	-0.53
AZI	Autozi Internet Technology (Global) Ltd - Class A	$9.05M	Consumer Cyclical	Auto & Truck Dealerships	-0.53
LIONU	Lionheart III Corp - Units (1 Ord Share Class A & 1/2 War)	$113M	N/A	N/A	-0.51
AAM	AA Mission Acquisition Corp.	$368M	Financial Services	Shell Companies	-0.51
VWAV	VisionWave Holdings Inc	$85M	Industrials	Aerospace & Defense	-0.50
LHAI	Linkhome Holdings Inc	$19M	Real Estate	Real Estate Services	-0.48
ONCHU	1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)	$39M	Financial Services	Shell Companies	-0.48
RNERU	Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)	$125M	N/A	N/A	-0.47
FLAC	Frazier Lifesciences Acquisition Corp - Class A	$175M	N/A	N/A	-0.46
TTAN	ServiceTitan Inc - Class A	$7.44B	Technology	Software - Application	-0.44
MCACU	ConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)	$70M	Financial Services	Shell Companies	-0.44
EMPG	Empro Group Inc	$139M	Healthcare	Medical Distribution	-0.43
MENS	Jyong Biotech Ltd	$174M	Healthcare	Biotechnology	-0.43
CCIIW	Cohen Circle Acquisition Corp II - Warrants(01/07/2030)	$3.81M	N/A	N/A	-0.43
HNGE	Hinge Health Inc - Class A	$6.74B	Healthcare	Health Information Services	-0.42
AACT	Ares Acquisition Corporation II - Class A	$588M	Financial Services	Shell Companies	-0.42
TSIBU	Tishman Speyer Innovation Corp II - Units (1 Ord Share Class A & 1/5 War)	$301M	N/A	N/A	-0.42
YHNA	YHN Acquisition I Ltd	$63M	Financial Services	Shell Companies	-0.41

ETFs that lowly correlated with MBIN

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.65
CBXA	Calamos Bitcoin 90 Series Structured Alt Protection ETF April	$5.20M	0.69%	Apr 4, 2025	-0.65
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.63
CBOA	Calamos Bitcoin Structured Alt Protection ETF April	$4.80M	0.69%	Apr 4, 2025	-0.62
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.62
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.62
SSK	REX-OSPREY(TM) SOL + STAKING ETF	$68M	0.75%	Jul 1, 2025	-0.61
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.61
PLTG	LEVERAGE SHARES 2X LONG PLTR DAILY ETF	$23M	N/A	Apr 24, 2025	-0.61
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.61
BFAP	FT VEST BITCOIN STRATEGY FLOOR15 ETF - APRIL	$2.10M	0.90%	Apr 3, 2025	-0.60
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.60
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.60
CBTA	Calamos Bitcoin 80 Series Structured Alt Protection ETF April	$4M	0.69%	Apr 4, 2025	-0.59
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.59
MSFW	ROUNDHILL MSFT WEEKLYPAY ETF	$27M	N/A	Jul 23, 2025	-0.58
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.57
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.57
CBTY	Calamos Bitcoin 80 Series Structured Alt Protection ETF July	$11M	0.69%	Jul 7, 2025	-0.56
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.56
BFJL	FT VEST BITCOIN STRATEGY FLOOR15 ETF - JULY	$3.30M	0.90%	Jun 27, 2025	-0.56
NOWL	GRANITESHARES 2X LONG NOW DAILY ETF	$286M	N/A	Jul 14, 2025	-0.56
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.55
BCCC	GLOBAL X BITCOIN COVERED CALL ETF	$8.20M	0.75%	Jun 3, 2025	-0.55
SLON	ProShares Ultra Solana ETF	$17M	N/A	Jul 14, 2025	-0.55
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.54
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.53
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.53
CBXY	Calamos Bitcoin 90 Series Structured Alt Protection ETF July	$5.50M	0.69%	Jul 7, 2025	-0.52
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.52
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.52
CBOY	Calamos Bitcoin Structured Alt Protection ETF July	$4.90M	0.69%	Jul 7, 2025	-0.51
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.50
BTCC	GRAYSCALE BITCOIN COVERED CALL ETF	$13M	0.65%	Apr 1, 2025	-0.50
PLTW	ROUNDHILL PLTR WEEKLYPAY ETF	$102M	N/A	Feb 18, 2025	-0.50
UXRP	ProShares Ultra XRP ETF	$27M	N/A	Jul 14, 2025	-0.50
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.49
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.49
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.49
CRMG	LEVERAGE SHARES 2X LONG CRM DAILY ETF	$49M	N/A	Feb 9, 2026	-0.49
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.49
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.48
SOLZ	Solana ETF	$85M	1.64%	Mar 19, 2025	-0.48
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.48
DFII	FT VEST BITCOIN STRATEGY & TARGET INCOME ETF	$16M	0.85%	Apr 2, 2025	-0.48
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.47
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.47
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.47
YBTC	ROUNDHILL BITCOIN COVERED CALL STRATEGY ETF	$121M	0.95%	Jan 17, 2024	-0.47
BTCI	NEOS BITCOIN HIGH INCOME ETF	$1B	0.99%	Oct 16, 2024	-0.47
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.47
COYY	GRANITESHARES YIELDBOOST COIN ETF	$21M	1.07%	Jul 28, 2025	-0.47
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.46
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.46
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.46
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.46
SHPU	DIREXION DAILY SHOP BULL 2X ETF	$15M	N/A	Aug 5, 2025	-0.46
BTGD	STKD 100% BITCOIN & 100% GOLD ETF	$40M	1.05%	Oct 15, 2024	-0.45
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.44
SOLT	2x Solana ETF	$123M	N/A	Mar 19, 2025	-0.44
BITY	AMPLIFY BITCOIN 2% MONTHLY OPTION INCOME ETF	$12M	0.65%	Apr 28, 2025	-0.44
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.44
YBIT	YIELDMAX(R) BITCOIN OPTION INCOME STRATEGY ETF	$35M	1.02%	Apr 22, 2024	-0.44
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.44
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.44
PYPG	LEVERAGE SHARES 2X LONG PYPL DAILY ETF	$17M	N/A	Apr 3, 2025	-0.43
APPX	TRADR 2X LONG APP DAILY ETF	$112M	N/A	Apr 24, 2025	-0.43
BAGY	AMPLIFY BITCOIN MAX INCOME COVERED CALL ETF	$10M	0.65%	Apr 28, 2025	-0.42
DEFI	Hashdex Bitcoin ETF	$12M	0.25%	Sep 15, 2022	-0.42
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.42
CRCG	LEVERAGE SHARES 2X LONG CRCL DAILY ETF	$67M	N/A	Aug 8, 2025	-0.42
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	$25M	N/A	Aug 8, 2025	-0.42
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.41
BAIG	LEVERAGE SHARES 2X LONG BBAI DAILY ETF	$14M	N/A	Aug 20, 2025	-0.41
BTC	Grayscale Bitcoin Mini Trust ETF	$3.20B	0.15%	Jul 31, 2024	-0.41
BITU	PROSHARES ULTRA BITCOIN ETF	$301M	N/A	Apr 1, 2024	-0.41
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	$131M	N/A	May 28, 2015	-0.41
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.41
PDDL	GRANITESHARES 2X LONG PDD DAILY ETF	$7.60M	N/A	Jul 14, 2025	-0.41