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High CorrelationLow Correlation

30 Stocks and 70 ETFs for diversifying NewtekOne (NEWT)

The least correlated asset to NewtekOne (NEWT) is ETF GGOV (iShares Global Government Bond USD Hedged Active). The correlation is -0.6742.

Stocks that lowly correlated with NEWT

SymbolName
Market cap
SectorIndustry
Correlation
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.62
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.62
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.54
EDHLEverbright Digital Holding Ltd$4.80MCommunication ServicesAdvertising Agencies-0.53
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.51
OHPAOrion Acquisition Corp - Class A$417MN/AN/A-0.49
EPOWSunrise New Energy Co. Ltd$21MIndustrialsElectrical Equipment & Parts-0.48
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.45
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.44
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.44
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.44
LZMHLZ Technology Holdings Ltd - Class B$9.09MTechnologyInformation Technology Services-0.44
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.43
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.43
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.42
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.41
BEAGUBold Eagle Acquisition Corp - Units (1Ord Cls A & 1 Rts)$54MFinancial ServicesShell Companies-0.41
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.41
BKHAUBlack Hawk Acquisition Corp - Units (1 Ord Share Cls A & 1/5 Rts )$39MFinancial ServicesShell Companies-0.40
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.40
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.39
POLEAndretti Acquisition Corp II - Class A$247MFinancial ServicesShell Companies-0.39
FVNFuture Vision II Acquisition Corporation$62MFinancial ServicesShell Companies-0.38
JBDIJBDI Holdings Ltd$9.63MConsumer CyclicalSpecialty Retail-0.37
UNCYUnicycive Therapeutics Inc$178MHealthcareBiotechnology-0.37
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.37
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.37
GNLXGenelux Corp$137MHealthcareBiotechnology-0.37
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.37
FERAFifth Era Acquisition Corp I - Class A$245MFinancial ServicesShell Companies-0.37

ETFs that lowly correlated with NEWT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.67
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.65
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.65
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.64
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.62
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.61
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.61
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.61
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.60
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.60
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.60
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.60
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.59
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.58
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.56
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.54
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.54
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.54
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.53
CLIPGLOBAL X 1-3 MONTH T-BILL ETF $2.50B0.07%Jun 20, 2023-0.53
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.53
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.52
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.52
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.52
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.52
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.52
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.52
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.51
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.51
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.51
BILZPIMCO ULTRA SHORT GOVERNMENT ACTIVE EXCHANGE-TRADED FUND $874M0.14%Jun 21, 2023-0.50
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.50
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.49
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.49
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.48
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.48
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.46
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.45
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.45
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.45
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.45
TUASIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF $802M0.25%Nov 14, 2022-0.44
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.44
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.44
IBTPISHARES IBONDS DEC 2034 TERM TREASURY ETF $267M0.07%Jun 11, 2024-0.44
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.44
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.42
SPTBSPDR PORTFOLIO TREASURY ETF $187M0.03%May 20, 2024-0.41
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.41
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.40
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.40
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.40
TRSYXtrackers US 0-1 Year Treasury ETF$74M0.06%Oct 8, 2024-0.40
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.39
USINWISDOMTREE 7-10 YEAR LADDERED TREASURY FUND $4.50M0.15%Mar 12, 2024-0.39
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.39
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.39
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.39
TSLSDirexion Daily TSLA Bear 1X Shares$76M0.95%Aug 8, 2022-0.38
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.38
IBGKISHARES IBONDS DEC 2054 TERM TREASURY ETF $3.50M0.07%Jun 11, 2024-0.38
GENTGENTER CAPITAL TAXABLE QUALITY INTERMEDIATE ETF $92M0.38%May 21, 2024-0.37
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.37
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.37
OBILF/M US TREASURY 12 MONTH BILL ETF $313M0.15%Nov 14, 2022-0.37
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.37
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.37
IBGAISHARES IBONDS DEC 2044 TERM TREASURY ETF $92M0.07%Jun 11, 2024-0.36
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.36