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High CorrelationLow Correlation

68 Stocks and 32 ETFs for diversifying Merchants Bancorp (MBINM)

The least correlated asset to Merchants Bancorp (MBINM) is company Dune Acquisition Corporation II Ordinary Shares (IPOD). The correlation is -1.

Stocks that lowly correlated with MBINM

SymbolName
Market cap
SectorIndustry
Correlation
IPODDune Acquisition Corporation II Class A Ordinary Shares$150MFinancial ServicesShell Companies-1.00
NOACUNatural Order Acquisition Corp - Units (1 Ord & 1 War)$289MN/AN/A-0.97
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.91
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.84
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.78
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.78
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.73
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.73
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.67
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.67
SVCCUStellar V Capital Corp - Units (1 Ord Cls A & 1/2 War)$168MFinancial ServicesShell Companies-0.67
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.66
BACQUMerlin Inc - Units (1Ord Class A & 1 Rights)$781MFinancial ServicesShell Companies-0.66
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.64
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.63
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.62
FERAFifth Era Acquisition Corp I - Class A$246MFinancial ServicesShell Companies-0.62
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.59
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.58
OMHOhmyhome Ltd$8.22MReal EstateReal Estate Services-0.58
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.57
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.57
BEAGUBold Eagle Acquisition Corp - Units (1Ord Cls A & 1 Rts)$55MFinancial ServicesShell Companies-0.56
WTGURWintergreen Acquisition Corp$237KN/AN/A-0.56
SCMAUSeaport Calibre Materials Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$177MN/AN/A-0.55
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.55
TVACUTexas Ventures Acquisition III Corp - Units (1 Ord Cls A & 1/2 War)$73MFinancial ServicesShell Companies-0.54
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies-0.54
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.54
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.54
APUSApimeds Pharmaceuticals US Inc$8.51MHealthcareDrug Manufacturers - Specialty & Generic-0.53
POLEAndretti Acquisition Corp II - Class A$248MFinancial ServicesShell Companies-0.53
SLVRUSilverSPAC Inc - Units (1 Ord Share Class A & 1/4 War)$328MN/AN/A-0.53
ULSUL Solutions Inc - Class A$18BIndustrialsSpecialty Business Services-0.52
TACHUTitan Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$691MFinancial ServicesShell Companies-0.51
RDAGRepublic Digital Acquisition Co. - Class A$311MFinancial ServicesShell Companies-0.51
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies-0.48
SZZLRSizzle Acquisition Corp II$1.47MN/AN/A-0.48
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.48
LZMHLZ Technology Holdings Ltd - Class B$9.02MTechnologyInformation Technology Services-0.48
SPEGUSilver Pegasus Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.47
DGNXDiginex Ltd$28MIndustrialsConsulting Services-0.47
DYCQDT Cloud Acquisition Corp$23MFinancial ServicesShell Companies-0.47
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.46
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.46
ALFUUCenturion Acquisition Corp - Units (1 Ord & 1 War)$305MFinancial ServicesShell Companies-0.46
DYCQUDT Cloud Acquisition Corp - Units (1 Ord & 1 Right)$26MFinancial ServicesShell Companies-0.46
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.45
OBAOxley Bridge Acquisition Ltd - Class A$260MFinancial ServicesShell Companies-0.45
BEPCBrookfield Renewable Corporation (Exchangeable Shares) - Class A$6.37BUtilitiesUtilities - Renewable-0.45
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.45
SDHISiddhi Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.44
DGNUDragoneer Growth Opportunities Corp III - Class A$538MN/AN/A-0.44
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.44
IPSTIP Strategy Holdings Inc$1.32MFinancial ServicesCapital Markets-0.44
CASKHeritage Distilling Holding Co. Inc$6.60MConsumer DefensiveBeverages - Wineries & Distilleries-0.44
BEAGBold Eagle Acquisition Corp$276MFinancial ServicesShell Companies-0.44
EDHLEverbright Digital Holding Ltd$5.88MCommunication ServicesAdvertising Agencies-0.44
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.43
CHPGUChampionsGate Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.43
TAVITavia Acquisition Corp$122MFinancial ServicesShell Companies-0.43
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.42
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$213MFinancial ServicesShell Companies-0.42
HVIIN/A$199MFinancial ServicesShell Companies-0.42
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.42
SDHIUSiddhi Acquisition Corp - Units (1 Ord class A & 1/10 Rts)$73MFinancial ServicesShell Companies-0.41
HVIIUHennessy Capital Investment Corp VII - Units (1 Ord Shs & 1 Rts)$205MFinancial ServicesShell Companies-0.41
ALORUALSP Orchid Acquisition Corp I - Units (1 Ord Class A & 1/2 War)$22MN/AN/A-0.41

ETFs that lowly correlated with MBINM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.80
REFACOLUMBIA RESEARCH ENHANCED INTERNATIONAL EQUITY ETF $5.60M0.32%Dec 11, 2025-0.69
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.56
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.55
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.55
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.54
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.54
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.54
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.53
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.53
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.51
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.50
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.49
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.49
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.49
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.49
TLTXGLOBAL X TREASURY BOND ENHANCED INCOME ETF $14M0.29%Jul 15, 2025-0.48
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.48
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.47
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.47
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.46
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.46
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.45
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.45
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.45
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.44
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.44
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.44
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.42
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.41
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.41
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.41