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27 Stocks and 73 ETFs for diversifying Monarch Casino & Resort (MCRI)

The least correlated asset to Monarch Casino & Resort (MCRI) is ETF HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares). The correlation is -0.7442.

Stocks that lowly correlated with MCRI

SymbolName
Market cap
SectorIndustry
Correlation
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.73
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.65
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.63
VINON/A$1.32MReal EstateReal Estate - Diversified-0.61
SCAGScage Future$25MIndustrialsFarm & Heavy Construction Machinery-0.60
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.58
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.58
BBOTBridgeBio Oncology Therapeutics Inc Com$674MHealthcareBiotechnology-0.55
YMTYimutian Inc$111MTechnologySoftware - Application-0.55
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.55
PELIRPelican Acquisition Corp$2.80MN/AN/A-0.53
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.51
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.50
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services-0.50
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.49
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.49
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.48
CCCXChurchill Capital Corp X - Class A$570MFinancial ServicesShell Companies-0.47
WTGURWintergreen Acquisition Corp$237KN/AN/A-0.46
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.46
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.44
HONDUHCM II Acquisition Corp Unit$483MFinancial ServicesShell Companies-0.44
AAUCAllied Gold Corporation$2.75BBasic MaterialsGold-0.44
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.44
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.44
SDHISiddhi Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.43
EFTYEtoiles Capital Group Co Ltd - Class A$287MIndustrialsConsulting Services-0.43

ETFs that lowly correlated with MCRI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.74
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.71
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.71
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.70
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.70
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.70
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.70
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.69
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.68
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.68
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.68
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.67
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.66
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.66
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.65
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.64
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.64
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.63
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.63
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.62
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.62
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.62
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.61
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.60
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.60
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.60
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.60
KGLDKurv Gold Enhanced Income ETF$97M1.00%Jul 7, 2025-0.60
LMTLDirexion Daily LMT Bull 2X ETF$8.40MN/AAug 5, 2025-0.59
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.59
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.59
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.59
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.58
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.58
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.58
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.57
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.57
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.56
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.56
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.55
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.55
OILDBank of Montreal$53MN/ANov 8, 2021-0.55
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.54
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.54
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.53
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.53
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.53
IAUINEOS GOLD HIGH INCOME ETF $448M0.79%Jun 4, 2025-0.53
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.51
ASTXTradr 2X Long ASTS Daily ETF$602MN/AJul 10, 2025-0.51
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.50
YGLDSimplify Gold Strategy PLUS Income ETF$37M0.53%Dec 2, 2024-0.50
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.50
GLDYDEFIANCE GOLD ENHANCED OPTIONS INCOME ETF $32M1.04%Apr 1, 2025-0.49
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.49
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.48
RCTRFIRST TRUST BLOOMBERG NUCLEAR POWER ETF $27M0.70%Jul 29, 2025-0.48
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.48
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.48
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.48
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.47
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.47
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.47
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.47
GBUGSprott Active Gold & Silver Miners$141M0.90%Feb 19, 2025-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.45
DVXVWEBs Defined Volatility XLV ETF$480K0.89%Jul 22, 2025-0.45
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.44
HFMFUNLIMITED HFMF MANAGED FUTURES ETF $22M0.97%Jul 14, 2025-0.44
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.44
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-0.44
EVMOEATON VANCE MORTGAGE OPPORTUNITIES ETF $882M0.45%Jul 28, 1997-0.44
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.43