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50 Stocks and 50 ETFs for diversifying NMI (NMIH)

The least correlated asset to NMI (NMIH) is company Republic Digital Acquisition (RDAG). The correlation is -0.6533.

Stocks that lowly correlated with NMIH

SymbolName
Market cap
SectorIndustry
Correlation
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.65
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.64
GLXYGalaxy Digital$5.92BFinancial ServicesCapital Markets-0.60
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.58
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.56
HMRSports Properties Acquisition Corp$73MIndustrialsMarine Shipping-0.56
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.55
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies-0.54
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.53
ENGSEnergys Group Ltd$12MIndustrialsWaste Management-0.52
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.51
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.51
BKHABlack Hawk Acquisition Corp - Class A$58MFinancial ServicesShell Companies-0.50
TACOBerto Acquisition Corp$315MFinancial ServicesShell Companies-0.50
BULLWebull Corporation$2.47BTechnologySoftware - Application-0.49
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.49
RTACRenatus Tactical Acquisition Corp I - Class A$326MFinancial ServicesShell Companies-0.48
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.47
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.46
CEPTCantor Equity Partners II Inc - Class A$284MFinancial ServicesShell Companies-0.45
MLACRMountain Lake Acquisition Corp$7.99MN/AN/A-0.45
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.44
NCTIntercont (Cayman) Ltd$2.61MIndustrialsMarine Shipping-0.44
WYHGWing Yip Food Holdings Group Ltd$43MConsumer DefensivePackaged Foods-0.44
RDACRRising Dragon Acquisition Corp$192KN/AN/A-0.44
RMCORoyalty Management Holding Corporation Class A Common Stock$35MFinancial ServicesAsset Management-0.43
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.43
CHARRCharlton Aria Acquisition Corporation Rights$226KN/AN/A-0.43
TVATexas Ventures Acquisition III Corp - Class A$236MFinancial ServicesShell Companies-0.42
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.42
COOTAustralian Oilseeds Holdings Ltd$18MConsumer DefensivePackaged Foods-0.41
ALPSAlpine Summit Energy Partners Inc$24MN/AOil & Gas-0.41
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.41
LACLithium Americas Corp (NewCo)$1.75BBasic MaterialsOther Industrial Metals & Mining-0.40
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.40
RFAIRRF Acquisition Corp II$351KN/AN/A-0.40
STISolidion Technology Inc$36MIndustrialsElectrical Equipment & Parts-0.40
GTENGores Holdings X Inc - Class A$466MFinancial ServicesShell Companies-0.39
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.39
NMAXNewsmax Inc Class B$1BCommunication ServicesBroadcasting-0.39
NUAINew Era Energy & Digital Inc$221MTechnologySoftware - Infrastructure-0.39
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.38
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.38
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.37
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.37
QETAQuetta Acquisition Corp$43MFinancial ServicesShell Companies-0.37
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.37
MACIUMelar Acquisition Corp I - Units (1 Ord Class A & 1 War)$197MFinancial ServicesShell Companies-0.37
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.37
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$69MFinancial ServicesShell Companies-0.36

ETFs that lowly correlated with NMIH

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.60
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.56
BLOXNICHOLAS CRYPTO INCOME ETF $268M0.99%Jun 16, 2025-0.55
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.55
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.55
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.53
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.53
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.52
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.52
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.52
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.51
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.50
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.50
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.50
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.50
COIIREX COIN GROWTH & INCOME ETF $2.80MN/AJun 3, 2025-0.49
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.49
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.49
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.48
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.48
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.47
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.46
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.46
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.45
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.45
OKLLDefiance Daily Target 2x Long OKLO ETF$293MN/AJun 23, 2025-0.44
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.44
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.44
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.44
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.44
OILDBank of Montreal$19MN/ANov 8, 2021-0.44
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.42
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.42
IVESWedbush ETFMG Global Cloud Technology ETF$997M0.75%Jun 3, 2025-0.42
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.42
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.42
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.41
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.40
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.40
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.40
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.40
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $11MN/AJun 9, 2025-0.39
MSIIREX MSTR GROWTH & INCOME ETF $4.40MN/AJun 3, 2025-0.39
ILSBROOKMONT CATASTROPHIC BOND ETF $75M1.58%Mar 31, 2025-0.38
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.38
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.38
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.38
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.38
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.37
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.36