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High CorrelationLow Correlation

27 Stocks and 73 ETFs for diversifying New Mountain Finance (NMFC)

The least correlated asset to New Mountain Finance (NMFC) is ETF DWSH (ADVISORSHARES DORSEY WRIGHT SHORT ETF). The correlation is -0.6746.

Stocks that lowly correlated with NMFC

SymbolName
Market cap
SectorIndustry
Correlation
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.67
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.62
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.61
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies-0.58
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.58
JENAJena Acquisition Corporation II Class A$242MFinancial ServicesShell Companies-0.56
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.52
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.51
LNKSLinkers Industries Ltd - Class A$16MIndustrialsElectrical Equipment & Parts-0.51
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.51
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.50
NCINeo Concept International Group Holdings Ltd$48MConsumer CyclicalApparel Manufacturing-0.50
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.50
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies-0.48
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies-0.48
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.47
SZZLRSizzle Acquisition Corp II$1.47MN/AN/A-0.47
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.46
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.45
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.44
KGKING PHARMACEUTICALS INC$77MFinancial ServicesInsurance - Reinsurance-0.44
BUUUBUUU Group Ltd - Class A$293MIndustrialsSpecialty Business Services-0.43
HSPTRHorizon Space Acquisition II Corp Right$1MN/AN/A-0.43
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.43
INLXIntellinetics Inc$25MTechnologySoftware - Application-0.42
QSEARQuartzsea Acquisition Corp$845KN/AN/A-0.42
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.41

ETFs that lowly correlated with NMFC

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.67
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.67
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.65
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.65
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.64
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.63
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.63
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.63
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.62
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.62
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.62
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.62
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.62
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.61
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.61
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.60
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.60
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.60
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.60
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.59
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.58
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.58
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.58
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.57
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.56
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.55
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.55
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.55
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.54
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.54
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.54
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.54
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.53
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.53
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.52
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.52
LMTLDirexion Daily LMT Bull 2X ETF$8.40MN/AAug 5, 2025-0.52
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.51
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.50
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.50
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.49
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.49
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.49
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.49
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.48
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.47
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.47
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.47
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.47
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.47
OILDBank of Montreal$53MN/ANov 8, 2021-0.47
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.47
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.47
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.46
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.46
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.46
IBGLISHARES IBONDS DEC 2055 TERM TREASURY ETF $6M0.07%Mar 25, 2025-0.46
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.45
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.45
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.45
DVXPWEBs Defined Volatility XLP ETF$251K0.89%Jul 22, 2025-0.44
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.44
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $47M0.98%Dec 10, 2024-0.43
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.43
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.43
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.43
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.43
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.42
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.42
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.42
DIVNHORIZON DIVIDEND INCOME ETF $191M0.70%Jun 25, 2025-0.42
SBITProShares UltraShort Bitcoin ETF$219MN/AApr 1, 2024-0.42