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27 Stocks and 73 ETFs for diversifying Outset Medical (OM)

The least correlated asset to Outset Medical (OM) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with OM

SymbolName
Market cap
SectorIndustry
Correlation
GORVLazydays Holdings Inc$1.58MConsumer CyclicalAuto & Truck Dealerships-0.76
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.54
PVLAPalvella Therapeutics Inc$1.66BHealthcareBiotechnology-0.53
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.51
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.46
ZBIOZenas Biopharma Inc$1.13BHealthcareBiotechnology-0.43
FRBNUForbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$316MN/AN/A-0.43
NMAXNewsmax Inc Class B$1BCommunication ServicesBroadcasting-0.42
PACSPACS Group Inc$6.16BHealthcareMedical Care Facilities-0.42
RHLDResolute Holdings Management Inc$948MIndustrialsSpecialty Business Services-0.41
AHRAmerican Healthcare REIT Inc$9.59BReal EstateReit - Healthcare Facilities-0.38
SOLVSolventum Corp$13BHealthcareMedical Instruments & Supplies-0.38
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.37
PGRProgressive Corp$115BFinancial ServicesInsurance - Property & Casualty-0.37
GSHRGesher Acquisition Corp II - Class A$155MFinancial ServicesShell Companies-0.36
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.36
EPOWSunrise New Energy Co. Ltd$21MIndustrialsElectrical Equipment & Parts-0.35
CICBCION Investment Corporation 7.50 Notes due 2029$1.26BN/AN/A-0.35
AFJKRAimei Health Technology Co Ltd$617KN/AN/A-0.35
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$183MFinancial ServicesShell Companies-0.34
CAMPCAMP4 Therapeutics Corp$219MHealthcareBiotechnology-0.34
VSTSVestis Corporation$1.58BIndustrialsRental & Leasing Services-0.34
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.33
TRINITrinity Capital Inc$2.23BN/AN/A-0.33
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.33
AMRZAmrize Ltd$29BBasic MaterialsBuilding Materials-0.32
FEMYFemasys Inc$23MHealthcareMedical Instruments & Supplies-0.32

ETFs that lowly correlated with OM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
WNTRYieldMax Short MSTR Option Income Strategy ETF$72M1.00%Mar 26, 2025-0.70
MSTZT-REX 2X INVERSE MSTR DAILY TARGET ETF $110MN/ASep 17, 2024-0.66
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.64
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.63
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.63
SMSTDEFIANCE DAILY TARGET 2X SHORT MSTR ETF $31MN/AAug 20, 2024-0.62
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.60
NFXSDIREXION DAILY NFLX BEAR 1X SHARES $5M1.03%Oct 2, 2024-0.55
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.54
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.53
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.53
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.52
IBTPISHARES IBONDS DEC 2034 TERM TREASURY ETF $267M0.07%Jun 11, 2024-0.49
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $42MN/AAug 21, 2023-0.49
PALDDirexion Daily PANW Bear 1X Shares$2.40M1.02%Feb 10, 2025-0.48
TSLZT-Rex 2X Inverse Tesla Daily Target ETF$46MN/AOct 18, 2023-0.46
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.45
IBGAISHARES IBONDS DEC 2044 TERM TREASURY ETF $92M0.07%Jun 11, 2024-0.45
GENTGENTER CAPITAL TAXABLE QUALITY INTERMEDIATE ETF $92M0.38%May 21, 2024-0.45
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.44
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.44
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.44
SPTBSPDR PORTFOLIO TREASURY ETF $187M0.03%May 20, 2024-0.44
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.44
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.43
IBGKISHARES IBONDS DEC 2054 TERM TREASURY ETF $3.50M0.07%Jun 11, 2024-0.43
FLXRTCW Flexible Income ETF$3B0.40%Nov 30, 2018-0.43
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.42
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.42
SECRNYLI MACKAY SECURITIZED INCOME ETF $160M0.28%May 30, 2024-0.41
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.41
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.41
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.41
RTRERAREVIEW TOTAL RETURN BOND ETF $62M0.70%May 31, 2024-0.41
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.41
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.40
EVSDEaton Vance Short Duration Income ETF$1.20B0.24%Mar 31, 1992-0.40
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.40
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.40
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.40
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.40
CGUICAPITAL GROUP ULTRA SHORT INCOME ETF SHARE CLASS$246M0.18%Jun 25, 2024-0.39
SDFISOUND FIXED INCOME ETF $173M0.30%Dec 12, 2018-0.39
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.39
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.39
USSHWISDOMTREE 1-3 YEAR LADDERED TREASURY FUND $23M0.15%Mar 12, 2024-0.39
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.38
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.38
IBIKISHARES IBONDS OCT 2034 TERM TIPS ETF $83M0.10%May 22, 2024-0.38
MBSANGEL OAK MORTGAGE-BACKED SECURITIES ETF $150M0.49%Jun 4, 2021-0.38
AGGSHARBOR DISCIPLINED BOND ETF $39M0.35%May 1, 2024-0.38
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.37
ELILDirexion Daily LLY Bull 2X Shares$18MN/AMar 25, 2025-0.37
FNGDBank of Montreal$68MN/AJan 22, 2018-0.37
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.37
JUCYAPTUS ENHANCED YIELD ETF $234M0.60%Oct 31, 2022-0.37
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.37
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.37
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.36
BRKWROUNDHILL BRKB WEEKLYPAY ETF $16MN/AJun 17, 2025-0.36
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.35
TSLQTradr 2X Short TSLA Daily ETF$159MN/AJul 13, 2022-0.35
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.35
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.35
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.35
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.35
BSCYInvesco BulletShares 2034 Corporate Bond ETF$525M0.10%Jun 12, 2024-0.34
USINWISDOMTREE 7-10 YEAR LADDERED TREASURY FUND $4.50M0.15%Mar 12, 2024-0.34
OBILF/M US TREASURY 12 MONTH BILL ETF $313M0.15%Nov 14, 2022-0.34
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.34
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.33
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.33