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73 Stocks and 27 ETFs for diversifying Merchants Bancorp (MBINL)

The least correlated asset to Merchants Bancorp (MBINL) is company Pieris Pharmaceuticals (PIRS). The correlation is -1.

Stocks that lowly correlated with MBINL

SymbolName
Market cap
SectorIndustry
Correlation
PIRSPieris Pharmaceuticals Inc$24MN/AN/A-1.00
LBPHLongboard Pharmaceuticals Inc$2.34BN/AN/A-1.00
IVCPUAleAnna Inc - Units (1 Ord Share Class A & 1/2 War)$308MN/AN/A-1.00
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.90
DMDesktop Metal Inc - Class A$165MN/AN/A-0.88
NTBLNotable Labs Inc Ord$2.39MHealthcareBiotechnology-0.81
MCACUConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)$70MFinancial ServicesShell Companies-0.81
CVIIChurchill Capital Corp VII - Class A$570MFinancial ServicesShell Companies-0.81
AILEiLearningEngines Holdings Inc - Class A$59MTechnologySoftware - Infrastructure-0.81
OPTNOptiNose Inc$112MN/AN/A-0.71
ATPCAgape ATP Corp$2.85MConsumer DefensivePackaged Foods-0.70
UPXIUpexi Inc$84MCommunication ServicesInternet Content & Information-0.66
BRBroadridge Financial Solutions Inc$17BTechnologyInformation Technology Services-0.66
HFFGHF Foods Group Inc$108MConsumer DefensiveFood Distribution-0.64
AACTAres Acquisition Corporation II - Class A$588MFinancial ServicesShell Companies-0.62
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.60
DFDVDeFi Development Corp$127MFinancial ServicesAsset Management-0.60
ZYBTZhengye Biotechnology Holding Ltd$41MHealthcareDrug Manufacturers - Specialty & Generic-0.59
ATONAlphaTON Capital Corp$5.75MFinancial ServicesAsset Management-0.59
NUTXNutex Health Inc$830MHealthcareMedical Care Facilities-0.58
FRESFresh2 Group Limited$2.97MHealthcareDiagnostics & Research-0.58
HRTGHeritage Insurance Holdings Inc$671MFinancial ServicesInsurance - Property & Casualty-0.58
SURGSurgepays Inc$13MCommunication ServicesTelecom Services-0.57
KUKEKuke Music Holding Limited American Depositary Shares (each representing ten (10) Class A Ordinary Shares)$5.93MCommunication ServicesEntertainment-0.56
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.56
TYLTyler Technologies Inc$15BTechnologySoftware - Application-0.56
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.56
WCNWaste Connections Inc$39BIndustrialsWaste Management-0.55
TOIOncology Institute Inc (The)$461MHealthcareMedical Care Facilities-0.55
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$183MFinancial ServicesShell Companies-0.54
PNBKPatriot National Bancorp Inc$120MFinancial ServicesBanks - Regional-0.54
MENSJyong Biotech Ltd$164MHealthcareBiotechnology-0.54
FFNWFirst Financial Northwest Inc$208MFinancial ServicesBanks - Regional-0.54
QETARQuetta Acquisition Corp$1.33MN/AN/A-0.53
HMSTHomeStreet Inc$262MN/AN/A-0.53
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.53
YALAYalla Group Ltd$947MTechnologySoftware - Application-0.52
FISFidelity National Information Services Inc$22BTechnologyInformation Technology Services-0.51
TISITeam Inc$74MIndustrialsSpecialty Business Services-0.51
PAYPaymentus Holdings Inc - Class A$2.93BTechnologySoftware - Infrastructure-0.51
AMBIAmbipar Emergency Response - Class A$148MIndustrialsWaste Management-0.51
INTUIntuit Inc$85BTechnologySoftware - Application-0.51
RELXRELX Plc$60BIndustrialsSpecialty Business Services-0.51
ANNAAleAnna Inc - Class A$122MEnergyOil & Gas E&p-0.51
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.51
BFAMBright Horizons Family Solutions Inc$3.31BConsumer CyclicalPersonal Services-0.50
CRVLCorvel Corp$3.02BFinancial ServicesInsurance Brokers-0.49
CAICaris Life Sciences Inc - Class A$4.35BHealthcareBiotechnology-0.49
TDUPThredUp Inc - Class A$601MConsumer CyclicalInternet Retail-0.49
TECTPTectonic Financial Inc$40MFinancial ServicesBanks - Regional-0.49
TRIThomson-Reuters Corp$36BIndustrialsSpecialty Business Services-0.48
ARENArena Group Holdings Inc (The)$72MCommunication ServicesInternet Content & Information-0.48
NTCLNetClass Technology Inc - Class A$8.13MTechnologySoftware - Application-0.48
CHCIComstock Holding Co. Inc - Class A$166MReal EstateReal Estate Services-0.48
LMNXLuminex Corp$620MN/AN/A-0.47
THTXTheratechnologies Inc$167MHealthcareBiotechnology-0.47
ATECAlphatec Holdings Inc$1.20BHealthcareMedical Devices-0.47
CGNTCognyte Software Ltd$748MTechnologySoftware - Infrastructure-0.47
MINMFiEE Inc$18MN/AN/A-0.46
MTGMGIC Investment Corp$5.51BFinancial ServicesInsurance - Specialty-0.46
CHWYChewy Inc - Class A$8.77BConsumer CyclicalInternet Retail-0.46
BSLKBolt Projects Holdings Inc - Class A$212KBasic MaterialsSpecialty Chemicals-0.45
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.45
CARTMaplebear Inc$9.57BConsumer CyclicalInternet Retail-0.45
ROPRoper Technologies Inc$32BTechnologySoftware - Application-0.45
MBOTMicrobot Medical Inc$115MHealthcareMedical Instruments & Supplies-0.45
YHNAYHN Acquisition I Ltd$63MFinancial ServicesShell Companies-0.45
MAMOMassimo Group$42MConsumer CyclicalRecreational Vehicles-0.45
EWEdwards Lifesciences Corp$50BHealthcareMedical Devices-0.45
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.44
NFLXNetflix Inc$368BCommunication ServicesEntertainment-0.44
GRNDGrindr Inc - Class A$2.26BTechnologySoftware - Application-0.44
SMMTSummit Therapeutics Inc$13BHealthcareBiotechnology-0.43

ETFs that lowly correlated with MBINL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.93
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.68
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.63
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.58
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.56
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.55
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $26MN/AApr 24, 2025-0.55
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.54
TIPDDirexion Daily TIPS Bear 2X Shares$4M0.10%Aug 18, 2025-0.51
PCIPGIM Corporate Bond 5-10 Year ETF$525M0.25%Jul 29, 2025-0.51
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.51
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.50
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.49
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.49
NFLPKurv Yield Premium Strategy Netflix (NFLX) ETF$7.50M0.99%Oct 26, 2023-0.48
OILDBank of Montreal$19MN/ANov 8, 2021-0.47
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $339M0.98%May 13, 2019-0.46
CRMGLEVERAGE SHARES 2X LONG CRM DAILY ETF $31MN/AFeb 9, 2026-0.45
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.45
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.44
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.44
PLTUT-REX 2X LONG PLTR DAILY TARGET ETF$487MN/ADec 10, 2024-0.44
NFLYYIELDMAX(R) NFLX OPTION INCOME STRATEGY ETF $80M1.01%Aug 7, 2023-0.44
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.44
PYPGLEVERAGE SHARES 2X LONG PYPL DAILY ETF $27MN/AApr 3, 2025-0.44
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.43