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40 Stocks and 60 ETFs for diversifying Movado Group (MOV)

The least correlated asset to Movado Group (MOV) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -0.7965.

Stocks that lowly correlated with MOV

SymbolName
Market cap
SectorIndustry
Correlation
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.62
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.60
MLACMountain Lake Acquisition Corp - Class A$43MN/AN/A-0.59
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.58
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.58
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.57
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.55
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.55
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.55
LEGTLegato Merger Corp. III$197MFinancial ServicesShell Companies-0.52
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.51
RDACRRising Dragon Acquisition Corp$140KN/AN/A-0.51
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.50
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.49
OFSSOOFS Capital Corp$341MN/AN/A-0.49
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.48
GSHRGesher Acquisition Corp II - Class A$157MFinancial ServicesShell Companies-0.46
YOULYoulife Group Inc$41MConsumer DefensiveEducation & Training Services-0.46
MIAXMiami International Holdings Inc$4BFinancial ServicesCapital Markets-0.46
EPOWE-Power Inc - Class A$19MIndustrialsElectrical Equipment & Parts-0.46
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.45
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.43
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.43
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.42
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.42
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.40
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.40
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$9.15MFinancial ServicesShell Companies-0.40
NOEMUCO2 Energy Transition Corp - Units (1 Ord1 War & 1 Rts)$78MFinancial ServicesShell Companies-0.38
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.38
AHRAmerican Healthcare REIT Inc$10BReal EstateReit - Healthcare Facilities-0.38
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.38
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.37
PHOEPhoenix Asia Holdings Ltd$492MIndustrialsEngineering & Construction-0.37
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.37
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.37
GAINLGladstone Investment Corporation$358MFinancial ServicesSpecialty Finance-0.37
CHARRCharlton Aria Acquisition Corporation Rights$206KN/AN/A-0.36
AAPGAscentage Pharma Group International$1.87BHealthcareBiotechnology-0.36
TRONCorner Growth Acquisition Corp 2 - Class A$700MConsumer CyclicalLeisure-0.36

ETFs that lowly correlated with MOV

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-0.80
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.60
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.58
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.58
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.57
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.56
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.55
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.55
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.54
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.54
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.53
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.53
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.53
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.51
PDDLGRANITESHARES 2X LONG PDD DAILY ETF $7.60MN/AJul 14, 2025-0.50
NVYYGraniteShares YieldBOOST NVDA ETF$39M1.15%May 12, 2025-0.49
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.49
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.49
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.48
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.48
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.47
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.45
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.45
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.45
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.45
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.45
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.45
BCCCGLOBAL X BITCOIN COVERED CALL ETF $8.20M0.75%Jun 3, 2025-0.44
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.44
IBICISHARES IBONDS OCT 2026 TERM TIPS ETF $86M0.10%Sep 13, 2023-0.44
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.43
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.43
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.43
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.42
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.42
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.42
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.41
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.41
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.41
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.40
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.40
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.40
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.39
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.39
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.39
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.39
NVIIREX NVDA GROWTH & INCOME ETF $104MN/AMay 27, 2025-0.39
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.39
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.38
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.38
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.37
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $23MN/AApr 24, 2025-0.37
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.37
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.37
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.37
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.37
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.36
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.36
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.36
MSTWROUNDHILL MSTR WEEKLYPAY ETF $33MN/AJul 23, 2025-0.36