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38 Stocks and 62 ETFs for diversifying Ranpak (PACK)

The least correlated asset to Ranpak (PACK) is ETF QCMD (Direxion Daily QCOM Bear 1X ETF). The correlation is -0.8216.

Stocks that lowly correlated with PACK

SymbolName
Market cap
SectorIndustry
Correlation
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.79
LZMHLZ Technology Holdings Ltd - Class B$9.02MTechnologyInformation Technology Services-0.67
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.67
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.65
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-0.63
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.57
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.54
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.52
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.51
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.48
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.47
SAGTSagtec Global Ltd$18MTechnologySoftware - Application-0.44
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.42
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.41
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.41
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.39
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.39
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.38
CAPNCayson Acquisition Corp$64MFinancial ServicesShell Companies-0.37
JLJ-Long Group Ltd$23MConsumer CyclicalApparel Manufacturing-0.37
SZZLUSizzle Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$70MFinancial ServicesShell Companies-0.37
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.36
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.36
CEPOCantor Equity Partners I Inc - Class A$271MFinancial ServicesShell Companies-0.35
GPATGP-Act III Acquisition Corp - Class A$314MFinancial ServicesShell Companies-0.35
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.35
GRCEAcasti Pharma Inc$39MHealthcareBiotechnology-0.35
APUSApimeds Pharmaceuticals US Inc$8.51MHealthcareDrug Manufacturers - Specialty & Generic-0.35
CNFRZConifer Holdings Inc$226MN/AN/A-0.34
CIGLConcorde International Group Ltd Class A Ordinary Shares$41MIndustrialsSecurity & Protection Services-0.34
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.34
ELPCCia Paranaense De Energia Copel ADR (Representing )$8.52BUtilitiesUtilities - Regulated Electric-0.34
BDMDBaird Medical Investment Holdings Ltd .$34MHealthcareMedical Devices-0.34
BAYARBayview Acquisition Corp$143KN/AN/A-0.34
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.33
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.33
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.33
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.33

ETFs that lowly correlated with PACK

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.82
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.65
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.58
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.57
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.57
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.56
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.55
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.52
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.52
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.50
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.50
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.49
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.49
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.49
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.49
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.48
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.48
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.48
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.48
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.47
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.47
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.47
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.47
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.47
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.47
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.47
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.46
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.46
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.46
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.46
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.45
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.44
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.44
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.44
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.44
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.44
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.43
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.43
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.43
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.43
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.42
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.42
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.41
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.41
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.41
LCDLGRANITESHARES 2X LONG LCID DAILY ETF N/AN/AApr 21, 2025-0.40
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.40
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.40
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.40
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.39
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.39
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.38
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.38
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.38
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.37
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.37
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.37
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.37
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.37
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.36
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.33