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27 Stocks and 73 ETFs for diversifying Open Text (OTEX)

The least correlated asset to Open Text (OTEX) is ETF IONZ (Defiance Daily Target 2x Short IONQ ETF). The correlation is -0.7124.

Stocks that lowly correlated with OTEX

SymbolName
Market cap
SectorIndustry
Correlation
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.66
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.58
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.50
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.50
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.50
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.46
ANLAdlai Nortye Ltd$317MHealthcareBiotechnology-0.45
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.44
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.44
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.42
CGTLCreative Global Technology Holdings Ltd$6.55MConsumer CyclicalSpecialty Retail-0.42
GSHRGesher Acquisition Corp II - Class A$155MFinancial ServicesShell Companies-0.42
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.40
MLECMoolec Science SA$10MHealthcareBiotechnology-0.40
AMRZAmrize Ltd$29BBasic MaterialsBuilding Materials-0.40
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.38
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.38
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.38
AOMDAngel Oak Mortgage REIT Inc$622MN/AN/A-0.38
JBSJBS N.V. - Class A$14BConsumer DefensivePackaged Foods-0.37
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.37
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.37
NAMMNamib Minerals.$77MBasic MaterialsGold-0.37
MCRPMicropolis Holding Company$86MTechnologyComputer Hardware-0.37
SLDESlide Insurance Holdings Inc$2.20BFinancial ServicesInsurance - Property & Casualty-0.37
COLAUColumbus Acquisition Corp - Units ( Ord Cls A & 1 Rts)$62MFinancial ServicesShell Companies-0.37
CCLDOCareCloud Inc$1.17BHealthcareHealth Information Services-0.36

ETFs that lowly correlated with OTEX

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.71
PLTZDefiance Daily Target 2x Short PLTR ETF$29MN/AJun 5, 2025-0.66
PALDDirexion Daily PANW Bear 1X Shares$2.40M1.02%Feb 10, 2025-0.63
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.61
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.61
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.60
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.60
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.59
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.58
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.58
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.58
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.58
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.57
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.56
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.56
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.56
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.55
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.54
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.54
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.54
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.54
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $29M0.98%Dec 10, 2024-0.53
LSEQHARBOR LONG-SHORT EQUITY ETF $15M2.28%Dec 4, 2023-0.53
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.52
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.52
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.52
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.52
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.52
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.52
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.51
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.51
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.51
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.51
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.51
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.50
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.50
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.50
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.50
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.49
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.49
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.48
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.48
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.48
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.48
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.47
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.46
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.45
FNGDBank of Montreal$68MN/AJan 22, 2018-0.45
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.45
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.44
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.44
DIVNHORIZON DIVIDEND INCOME ETF $147M0.70%Jun 25, 2025-0.44
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.43
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.42
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.42
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.42
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.42
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.41
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.40
BITIProShares Short Bitcoin ETF$187M1.01%Jun 21, 2022-0.40
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.40
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.39
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.39
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.38
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.38
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.38
ORRMILITIA LONG/SHORT EQUITY ETF $387M10.91%Jan 14, 2025-0.37
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.37
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.37
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.36