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28 Stocks and 72 ETFs for diversifying Palo Alto Networks (PANW)

The least correlated asset to Palo Alto Networks (PANW) is ETF PALD (Direxion Daily PANW Bear 1X Shares). The correlation is -0.979.

Stocks that lowly correlated with PANW

SymbolName
Market cap
SectorIndustry
Correlation
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.76
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.70
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.69
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.69
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.69
AUGOAura Minerals Inc$4.54BBasic MaterialsGold-0.68
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.68
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.55
AMRZAmrize Ltd$28BBasic MaterialsBuilding Materials-0.54
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.53
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.53
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.50
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.50
HKITHitek Global Inc - Class A$4.63MTechnologyInformation Technology Services-0.46
MLACMountain Lake Acquisition Corp - Class A$43MN/AN/A-0.45
HAOHaoxi Health Technology Ltd - Class A$1.03MCommunication ServicesAdvertising Agencies-0.45
FOXXFoxx Development Holdings Inc$20MTechnologyConsumer Electronics-0.43
AAUCAllied Gold Corporation$2.75BBasic MaterialsGold-0.43
ALMAlma Metals Limited$3.90BBasic MaterialsOther Industrial Metals & Mining-0.42
HPAIHelport AI Ltd$21MTechnologySoftware - Infrastructure-0.42
POLEUAndretti Acquisition Corp II - Units (1 Ord Class A & 1/2 War)$223MFinancial ServicesShell Companies-0.42
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.42
GMMGlobal Mofy AI Ltd - Class A$6.93MTechnologyInformation Technology Services-0.42
NAMIJinxin Technology Holding Company$7.41MCommunication ServicesInternet Content & Information-0.41
CGTLCreative Global Technology Holdings Ltd$6.84MConsumer CyclicalSpecialty Retail-0.41
YMTYimutian Inc$111MTechnologySoftware - Application-0.40
TMUSLTMobile US Inc 6.250 Senior Notes due 2069$27BN/AN/A-0.40
NEE-P-UNextEra Energy Inc Series U Junior Subordinated Debentures due June 1 2085$51BN/AN/A-0.38

ETFs that lowly correlated with PANW

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.98
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.64
TURFT. ROWE PRICE NATURAL RESOURCES ETF $157M0.44%Jun 11, 2025-0.64
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.61
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.60
IAUINEOS GOLD HIGH INCOME ETF $448M0.79%Jun 4, 2025-0.59
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.59
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.59
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.58
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.57
HFMFUNLIMITED HFMF MANAGED FUTURES ETF $22M0.97%Jul 14, 2025-0.56
XOMXDirexion Daily XOM Bull 2X Shares$7.80MN/AApr 22, 2025-0.54
KGLDKurv Gold Enhanced Income ETF$97M1.00%Jul 7, 2025-0.54
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.53
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.53
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.51
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.51
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.51
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.51
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.51
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.51
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.50
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.50
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.50
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.49
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.48
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.48
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.48
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.48
OTGLOTG LATIN AMERICA ETF $28M0.95%May 7, 2019-0.48
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.48
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.47
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.47
ORRMILITIA LONG/SHORT EQUITY ETF $351M10.91%Jan 14, 2025-0.47
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.47
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.46
GDXYYIELDMAX(R) GOLD MINERS OPTION INCOME STRATEGY ETF $213M1.00%May 20, 2024-0.46
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.46
AUMITHEMES GOLD MINERS ETF $25M0.35%Dec 12, 2023-0.45
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.45
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.44
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.44
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.44
SLDRGLOBAL X SHORT-TERM TREASURY LADDER ETF $39M0.12%Sep 9, 2024-0.44
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-0.44
LMTLDirexion Daily LMT Bull 2X ETF$8.40MN/AAug 5, 2025-0.43
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.43
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.43
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.43
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.43
LENSSARMAYA THEMATIC ETF $50M0.79%Jan 28, 2025-0.43
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.42
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.42
KEATKEATING ACTIVE ETF $111M0.85%Mar 26, 2024-0.42
GBUGSprott Active Gold & Silver Miners$141M0.90%Feb 19, 2025-0.41
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.41
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.41
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.41
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.41
FGDLFranklin Responsibly Sourced Gold ETF$415M0.15%Jun 30, 2022-0.40
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.40
GLDYDEFIANCE GOLD ENHANCED OPTIONS INCOME ETF $32M1.04%Apr 1, 2025-0.40
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.40
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.40
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.39
SLJYAmplify SILJ Covered Call ETF$54M0.76%Aug 18, 2025-0.39
DVXBWEBs Defined Volatility XLB ETF$276K0.89%Jul 22, 2025-0.39
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.39
SHNYMicroSectors Gold 3X Leveraged ETN$79MN/AFeb 21, 2023-0.39
GEVXTradr 2X Long GEV Daily ETF$52MN/AJul 10, 2025-0.39
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.38
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.38