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34 Stocks and 66 ETFs for diversifying Paramount Global Conv Pfd (PARAP)

The least correlated asset to Paramount Global Conv Pfd (PARAP) is ETF MAGX (ROUNDHILL DAILY 2X LONG MAGNIFICENT SEVEN ETF). The correlation is -1.

Stocks that lowly correlated with PARAP

SymbolName
Market cap
SectorIndustry
Correlation
AUREAurelion Inc - Class A$64MFinancial ServicesCapital Markets-1.00
SBETSharpLink Gaming Inc$1.21BFinancial ServicesCapital Markets-1.00
TBBBBBB Foods Inc - Class A$4.65BConsumer DefensiveDiscount Stores-1.00
STISolidion Technology Inc$55MIndustrialsElectrical Equipment & Parts-1.00
SMXTSolarMax Technology Inc$20MTechnologySolar-1.00
SELXSemilux International Ltd$13MTechnologyElectronic Components-1.00
RWTNRedwood Trust Inc 9.125 Senior Notes Due 2029$3.13BN/AN/A-1.00
MITNAG Mortgage Investment Trust Inc$803MN/AN/A-1.00
LEGT-ULegato Merger Corp III - Units (1 Ord & 1/2 War)$102MN/AN/A-1.00
HKITHitek Global Inc - Class A$4.63MTechnologyInformation Technology Services-1.00
EPOWE-Power Inc - Class A$19MIndustrialsElectrical Equipment & Parts-1.00
DYCQUDT Cloud Acquisition Corp - Units (1 Ord & 1 Right)$26MFinancial ServicesShell Companies-1.00
CENNCenntro Inc$5.86MConsumer CyclicalAuto Manufacturers-1.00
ASAmer Sports Inc$20BConsumer CyclicalLeisure-1.00
AHRAmerican Healthcare REIT Inc$10BReal EstateReit - Healthcare Facilities-1.00
KIM-P-NKimco Realty Corporation$42BN/AN/A-0.97
NCDLNuveen Churchill Direct Lending Corp$632MFinancial ServicesAsset Management-0.97
HWHHWH International Inc$9.12MConsumer CyclicalLeisure-0.90
FBLGFibroBiologics Inc$3.18MHealthcareBiotechnology-0.85
MNRMach Natural Resources LP$2.20BEnergyOil & Gas E&p-0.85
EFC-P-DEllington Financial Inc$2.84BN/AN/A-0.84
AIREreAlpha Tech Corp$8.21MReal EstateReal Estate Services-0.82
SPKLSpark I Acquisition Corp - Class A$81MFinancial ServicesShell Companies-0.82
FGNF&G Annuities & Life Inc$3.36BN/AN/A-0.82
AFJKUAimei Health Technology Co Ltd - Units (1 1 Rights)$38MFinancial ServicesShell Companies-0.82
ROMARoma Green Finance Ltd$438MIndustrialsConsulting Services-0.81
BAYAUBayview Acquisition Corp - Units (1 Ord & 1 Right)$21MFinancial ServicesShell Companies-0.72
ENGNenGene Holdings Inc$127MHealthcareBiotechnology-0.69
DTCKDavis Commodities Ltd$1.23MConsumer DefensiveFarm Products-0.69
SUNSSLR Senior Investment Corp$112MReal EstateReit - Mortgage-0.63
ECOECHO BAY MINES LTD$2.16BIndustrialsMarine Shipping-0.62
ET-P-IEnergy Transfer LP$40BN/AN/A-0.61
BTSGUBrightSpring Health Services Inc$43BHealthcareHealth Information Services-0.60
EONRHNR Acquisition Corp$21MEnergyOil & Gas E&p-0.59

ETFs that lowly correlated with PARAP

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
MAGXROUNDHILL DAILY 2X LONG MAGNIFICENT SEVEN ETF $48MN/AFeb 28, 2024-1.00
MGNRAMERICAN BEACON GLG NATURAL RESOURCES ETF $810M0.75%Feb 5, 2024-1.00
CANQCalamos Alternative Nasdaq & Bond ETF$22M0.94%Feb 12, 2024-1.00
HISFFIRST TRUST HIGH INCOME STRATEGIC FOCUS ETF $98M0.83%Aug 13, 2014-1.00
XFEBFT VEST U.S. EQUITY ENHANCE & MODERATE BUFFER ETF - FEBRUARY $31M0.85%Feb 16, 2024-1.00
USDXSGI ENHANCED CORE ETF $305M1.08%Feb 28, 2024-1.00
ULTYYIELDMAX(R) ULTRA OPTION INCOME STRATEGY ETF $896M1.30%Feb 28, 2024-1.00
SIXFALLIANZIM U.S. EQUITY 6 MONTH BUFFER10 FEB/AUG ETF $46M0.74%Jan 31, 2024-1.00
SFEBFT VEST U.S. SMALL CAP MODERATE BUFFER ETF - FEBRUARY $125M0.90%Feb 16, 2024-1.00
SCIOFIRST TRUST STRUCTURED CREDIT INCOME OPPORTUNITIES ETF $446M0.70%Feb 27, 2024-1.00
PBFBPGIM S&P 500 BUFFER 20 ETF - FEBRUARY $37M0.50%Jan 31, 2024-1.00
NRESXTRACKERS RREEF GLOBAL NATURAL RESOURCES ETF $32M0.45%Feb 26, 2024-1.00
MVPLMILLER VALUE PARTNERS LEVERAGE ETF $25MN/AFeb 27, 2024-1.00
MSTYYIELDMAX(R) MSTR OPTION INCOME STRATEGY ETF $710M1.03%Feb 21, 2024-1.00
MBSFREGAN FLOATING RATE MBS ETF $222M0.49%Feb 27, 2024-1.00
MBSANGEL OAK MORTGAGE-BACKED SECURITIES ETF $148M0.49%Jun 4, 2021-1.00
KPROKRANESHARES 100% KWEB DEFINED OUTCOME JANUARY 2027 ETF $3.30M1.04%Feb 7, 2024-1.00
KNOWFundamentals First ETF$6.90M1.09%Feb 21, 2024-1.00
KBUFKRANESHARES 90% KWEB DEFINED OUTCOME JANUARY 2027 ETF $9.10M1.01%Feb 7, 2024-1.00
IFEBInnovator International Developed Power Buffer ETF-February$65M0.85%Jan 31, 2024-1.00
GINXSGI ENHANCED GLOBAL INCOME ETF $96M1.02%Feb 28, 2024-1.00
FLJJALLIANZIM U.S. EQUITY 6 MONTH FLOOR5 JAN/JUL ETF $8.50M0.74%Jan 31, 2024-1.00
FLDBFIDELITY LOW DURATION BOND ETF $409M0.20%Feb 22, 2024-1.00
FFLVFIDELITY FUNDAMENTAL LARGE CAP VALUE ETF $16M0.38%Feb 22, 2024-1.00
FEBPPGIM S&P 500 BUFFER 12 ETF - FEBRUARY $24M0.50%Jan 31, 2024-1.00
EVLNEaton Vance Floating-Rate ETF$1.40B0.60%Feb 6, 2024-1.00
DFVEDOUBLELINE FORTUNE 500 EQUAL WEIGHT ETF $32M0.20%Jan 31, 2024-1.00
DCMTDOUBLELINE COMMODITY STRATEGY ETF $36M0.66%Jan 31, 2024-1.00
CAAAFIRST TRUST AAA CMBS ETF $35M0.30%Feb 27, 2024-1.00
BTFXCoinShares Bitcoin Leverage ETF$12MN/AFeb 21, 2024-1.00
AOHYANGEL OAK HIGH YIELD OPPORTUNITIES ETF $122M0.55%Mar 31, 2009-1.00
SCLZSWAN ENHANCED DIVIDEND INCOME ETF $20M0.79%Feb 26, 2024-1.00
COALRANGE GLOBAL COAL INDEX ETF $52M0.85%Jan 10, 2024-0.97
XIDEFT VEST U.S. EQUITY BUFFER & PREMIUM INCOME ETF - DECEMBER $24M0.85%Dec 15, 2023-0.94
GOOXT-REX 2X LONG ALPHABET DAILY TARGET ETF $53MN/AJan 10, 2024-0.93
BIGYYIELDMAX(R) TARGET 12(TM) BIG 50 OPTION INCOME ETF $47M1.09%Nov 20, 2024-0.91
BUFCAB CONSERVATIVE BUFFER ETF $1B0.69%Dec 12, 2023-0.89
TSLZT-REX 2X INVERSE TESLA DAILY TARGET ETF $31MN/AOct 18, 2023-0.84
MSFYKurv Yield Premium Strategy Microsoft (MSFT) ETF$11M0.99%Oct 30, 2023-0.84
LSEQHARBOR LONG-SHORT EQUITY ETF $17M2.28%Dec 4, 2023-0.81
HQGOHARTFORD US QUALITY GROWTH ETF $49M0.34%Dec 5, 2023-0.81
QOWZInvesco Nasdaq Free Cash Flow Achievers ETF$11M0.39%Dec 6, 2023-0.81
SPTESP FUNDS S&P GLOBAL TECHNOLOGY ETF $224M0.55%Nov 30, 2023-0.80
SPYUMAX S&P 500 4X Leveraged ETN$534MN/ADec 4, 2023-0.80
AHLTAMERICAN BEACON AHL TREND ETF $131M0.96%Aug 30, 2023-0.79
RSSBRETURN STACKED(R) GLOBAL STOCKS & BONDS ETF $504M0.39%Dec 4, 2023-0.75
CARKCASTLEARK LARGE GROWTH ETF $322M0.54%Dec 6, 2023-0.75
GDECFT VEST U.S. EQUITY MODERATE BUFFER ETF - DECEMBER $439M0.85%Dec 15, 2023-0.74
TDITOUCHSTONE DYNAMIC INTERNATIONAL ETF $361M0.65%Dec 9, 2005-0.74
GQINatixis Gateway Quality Income ETF$258M0.34%Dec 12, 2023-0.74
VMAXHARTFORD US VALUE ETF $48M0.29%Dec 5, 2023-0.72
QLTYGMO U.S. QUALITY ETF $4.70B0.50%Nov 13, 2023-0.68
IDECInnovator International Developed Power Buffer ETF December$42M0.85%Nov 30, 2023-0.68
LGCFTHEMES US CASH FLOW CHAMPIONS ETF $2.10M0.29%Dec 12, 2023-0.68
USRDTHEMES US R&D CHAMPIONS ETF $1.10M0.29%Dec 12, 2023-0.66
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.66
QISSIMPLIFY MULTI-QIS ALTERNATIVE ETF $39M1.21%Jul 10, 2023-0.65
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.64
CZARTHEMES NATURAL MONOPOLY ETF $1.60M0.35%Dec 12, 2023-0.63
ISPYPROSHARES S&P 500 HIGH INCOME ETF $1.30B0.56%Dec 18, 2023-0.63
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.62
TFPNBLUEPRINT CHESAPEAKE MULTI-ASSET TREND ETF $170M1.96%Jul 11, 2023-0.62
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $39MN/AAug 21, 2023-0.62
FELGFIDELITY ENHANCED LARGE CAP GROWTH ETF $5.70B0.18%Apr 19, 2007-0.61
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.61
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.61