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36 Stocks and 64 ETFs for diversifying Ranpak (PACK)

The least correlated asset to Ranpak (PACK) is ETF QCMD (Direxion Daily QCOM Bear 1X ETF). The correlation is -0.8116.

Stocks that lowly correlated with PACK

SymbolName
Market cap
SectorIndustry
Correlation
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.73
LZMHLZ Technology Holdings Ltd - Class B$9.09MTechnologyInformation Technology Services-0.67
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.64
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-0.63
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.62
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.57
VACHVoyager Acquisition Corp - Class A$279MFinancial ServicesShell Companies-0.53
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.51
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.46
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.45
SAGTSagtec Global Ltd$21MTechnologySoftware - Application-0.44
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.44
CAPNCayson Acquisition Corp$63MFinancial ServicesShell Companies-0.43
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.42
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.41
FVNFuture Vision II Acquisition Corporation$62MFinancial ServicesShell Companies-0.39
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.39
JLJ-Long Group Ltd$24MConsumer CyclicalApparel Manufacturing-0.38
AACBUArtius II Acquisition Inc - Units (1 Ord Shs & 1 Rts)$233MFinancial ServicesShell Companies-0.38
GLXGGalaxy Payroll Group Ltd$3.87MIndustrialsStaffing & Employment Services-0.35
SZZLUSizzle Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$70MFinancial ServicesShell Companies-0.35
CEPOCantor Equity Partners I Inc - Class A$270MFinancial ServicesShell Companies-0.35
BAYARBayview Acquisition Corp$260KN/AN/A-0.35
GRCEAcasti Pharma Inc$36MHealthcareBiotechnology-0.35
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.35
CNFRZConifer Holdings Inc$226MN/AN/A-0.34
ANNAAleAnna Inc - Class A$122MEnergyOil & Gas E&p-0.34
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.34
TDACTranslational Development Acquisition Corp. Ordinary Shares$185MFinancial ServicesShell Companies-0.34
JBSJBS N.V. - Class A$14BConsumer DefensivePackaged Foods-0.33
BDMDBaird Medical Investment Holdings Ltd .$44MHealthcareMedical Devices-0.33
GPATGP-Act III Acquisition Corp - Class A$311MFinancial ServicesShell Companies-0.33
KIDZClassover Holdings Inc$2.67MConsumer DefensiveEducation & Training Services-0.33
ELPCCia Paranaense De Energia Copel ADR (Representing )$8.52BUtilitiesUtilities - Regulated Electric-0.32
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.32
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.32

ETFs that lowly correlated with PACK

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.81
CSCSDirexion Daily CSCO Bear 1X ETF$1.80M1.00%Jun 24, 2025-0.64
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.59
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.56
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.56
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.54
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.54
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.52
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.51
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.50
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.50
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.50
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.49
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.49
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.49
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.48
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.48
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.48
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.48
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.48
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.47
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.47
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.47
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.47
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.47
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.47
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.47
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.46
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.46
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.45
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.45
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.45
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.44
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.44
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.44
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.43
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.43
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.43
PALDDirexion Daily PANW Bear 1X Shares$2.40M1.02%Feb 10, 2025-0.42
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.42
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.41
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.41
RTXGLeverage Shares 2X Long RTX Daily ETF$4MN/AJun 5, 2025-0.41
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.41
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.40
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.40
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.40
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.39
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.38
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.38
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.37
ZSLProShares UltraShort Silver -2x Shares$145MN/ADec 1, 2008-0.37
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.37
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.37
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.36
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.36
FNGDBank of Montreal$68MN/AJan 22, 2018-0.35
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.34
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.34
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.33
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.32
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.32
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.31
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.31