61 Stocks and 39 ETFs for diversifying Newsmax (NMAX)
The least correlated asset to Newsmax (NMAX) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.
Stocks that lowly correlated with NMAX
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| DM | Desktop Metal Inc - Class A | $165M | N/A | N/A | -1.00 |
| MINM | FiEE Inc | $18M | N/A | N/A | -0.89 |
| SLGC | SomaLogic Inc - Class A | $393M | Healthcare | Health Information Services | -0.87 |
| FRBN | Forbion European Acquisition Corp - Class A | $343M | Financial Services | Shell Companies | -0.85 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.85 |
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.85 |
| RVNC | Revance Therapeutics Inc | $380M | Healthcare | Biotechnology | -0.85 |
| RCM | R1 RCM Inc | $6.04B | Healthcare | Health Information Services | -0.85 |
| MCACR | ConnectM Technology Solutions Inc | $2.93M | N/A | N/A | -0.85 |
| FRLAU | Fortune Rise Acquisition Corp - Units (1 Ord Share Class A & 1/2 War) | $36M | Financial Services | Shell Companies | -0.85 |
| STBX | Starbox Group Holdings Ltd | $1.14M | Communication Services | Internet Content & Information | -0.85 |
| GRCL | Gracell Biotechnologies Inc | $990M | Healthcare | Biotechnology | -0.85 |
| FRLA | Fortune Rise Acquisition Corp - Class A | $35M | Financial Services | Shell Companies | -0.85 |
| DBGIW | Digital Brands Group Inc - Warrants (01/05/2026) | $40M | N/A | N/A | -0.85 |
| FFNW | First Financial Northwest Inc | $208M | Financial Services | Banks - Regional | -0.83 |
| HMST | HomeStreet Inc | $262M | N/A | N/A | -0.80 |
| BBD | Banco Bradesco S.A. | $38B | Financial Services | Banks - Regional | -0.77 |
| TMDX | Transmedics Group Inc | $2.60B | Healthcare | Medical Devices | -0.76 |
| HERE | Here Group Ltd | $95M | Consumer Cyclical | Leisure | -0.75 |
| QSG | QuantaSing Group Limited American Depositary Shares | $335M | Consumer Defensive | Education & Training Services | -0.75 |
| BBDO | Banco Bradesco S.A. | $34B | Financial Services | Banks - Regional | -0.74 |
| ELP | Cia Paranaense De Energia Copel | $6.88B | Utilities | Utilities - Regulated Electric | -0.74 |
| KUKE | Kuke Music Holding Limited American Depositary Shares (each representing ten (10) Class A Ordinary Shares) | $5.93M | Communication Services | Entertainment | -0.74 |
| THRD | Third Harmonic Bio Inc | $242M | Healthcare | Biotechnology | -0.72 |
| NGG | National Grid Plc | $83B | Utilities | Utilities - Regulated Electric | -0.72 |
| KEP | Korea Electric Power | $15B | Utilities | Utilities - Regulated Electric | -0.71 |
| SWKH | Swk Holdings Corp | $192M | Financial Services | Asset Management | -0.70 |
| ROL | Rollins Inc | $21B | Consumer Cyclical | Personal Services | -0.69 |
| TIMB | TIM SA | $11B | Communication Services | Telecom Services | -0.69 |
| AQN | Algonquin Power & Utilities Corp | $4.45B | Utilities | Utilities - Diversified | -0.68 |
| CTGO | Contango Ore Inc | $511M | Basic Materials | Gold | -0.67 |
| ELPC | Cia Paranaense De Energia Copel ADR (Representing ) | $8.52B | Utilities | Utilities - Regulated Electric | -0.67 |
| KIDZ | Classover Holdings Inc | $2.67M | Consumer Defensive | Education & Training Services | -0.66 |
| MVST | Microvast Holdings Inc | $327M | Consumer Cyclical | Auto Parts | -0.65 |
| AREN | Arena Group Holdings Inc (The) | $48M | Communication Services | Internet Content & Information | -0.64 |
| BSBR | Banco Santander (Brasil) S.A. | $38B | Financial Services | Banks - Regional | -0.64 |
| AU | AngloGold Ashanti Plc. | $40B | Basic Materials | Gold | -0.64 |
| ALF | Centurion Acquisition Corp - Class A | $312M | Financial Services | Shell Companies | -0.64 |
| LPBB | Launch Two Acquisition Corp | $247M | Financial Services | Shell Companies | -0.63 |
| ACHL | Achilles Therapeutics Plc | $63M | Healthcare | Biotechnology | -0.63 |
| AKO-A | Embotelladora Andina S.A. | $3.40B | Consumer Defensive | Beverages - Non-alcoholic | -0.63 |
| OMAB | Grupo Aeroportuario del Centro Norte S.A.B de C.V. | $5.21B | Industrials | Airports & Air Services | -0.62 |
| DFDV | DeFi Development Corp | $91M | Financial Services | Asset Management | -0.62 |
| RBNE | Robin Energy Ltd | $4.88M | Energy | Oil & Gas Midstream | -0.62 |
| BTM | Bitcoin Depot Inc | $20M | Financial Services | Capital Markets | -0.62 |
| STN | Stantec Inc | $7.83B | Industrials | Engineering & Construction | -0.62 |
| SIG | Signet Jewelers Ltd | $3.46B | Consumer Cyclical | Luxury Goods | -0.62 |
| SJT | San Juan Basin Royalty Trust | $124M | Energy | Oil & Gas E&p | -0.61 |
| VIV | Telefonica Brasil S.A. | $22B | Communication Services | Telecom Services | -0.61 |
| NRG | NRG Energy Inc | $29B | Utilities | Utilities - Independent Power Producers | -0.61 |
| KFS | Kingsway Financial Services, Inc. | $299M | Consumer Cyclical | Auto & Truck Dealerships | -0.61 |
| FERG | Ferguson Plc. | $45B | Industrials | Industrial Distribution | -0.60 |
| ALDF | Aldel Financial II Inc | $247M | Financial Services | Shell Companies | -0.60 |
| CUB | Lionheart Holdings - Class A | $248M | Financial Services | Shell Companies | -0.60 |
| TLK | Telkom Indonesia (Persero) Tbk PT | $21B | Communication Services | Telecom Services | -0.59 |
| INTR | Inter & Co Inc - Class A | $2.50B | Financial Services | Banks - Regional | -0.59 |
| OLLI | Ollies Bargain Outlet Holdings Inc | $3.99B | Consumer Defensive | Discount Stores | -0.59 |
| TAVI | Tavia Acquisition Corp | $122M | Financial Services | Shell Companies | -0.59 |
| BOWNU | Bowen Acquisition Corp - Units (1 Ordinary share & 1 Right) | $30M | Financial Services | Shell Companies | -0.58 |
| XP | XP Inc - Class A | $8.86B | Financial Services | Capital Markets | -0.58 |
| KWM | K Wave Media Ltd | $7.63M | Communication Services | Entertainment | -0.58 |