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High CorrelationLow Correlation

31 Stocks and 69 ETFs for diversifying Penguin Solutions (PENG)

The least correlated asset to Penguin Solutions (PENG) is company Bitcoin Depot (GSRM). The correlation is -0.8488.

Stocks that lowly correlated with PENG

SymbolName
Market cap
SectorIndustry
Correlation
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.85
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.77
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.58
LZMHLZ Technology Holdings Ltd - Class B$9.09MTechnologyInformation Technology Services-0.57
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.57
HYACHaymaker Acquisition Corp. 4$330MFinancial ServicesShell Companies-0.56
ZSPCZspace Inc$2.96MTechnologyComputer Hardware-0.51
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.49
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.48
LCCCRLakeshore Acquisition III Corp$500KN/AN/A-0.48
SZZLRSizzle Acquisition Corp II$1.07MN/AN/A-0.46
BAYARBayview Acquisition Corp$260KN/AN/A-0.45
HKITHitek Global Inc$4.63MTechnologyInformation Technology Services-0.44
FORLFour Leaf Acquisition Corporation Class A Common Stock$47MN/AN/A-0.43
AACBUArtius II Acquisition Inc - Units (1 Ord Shs & 1 Rts)$233MFinancial ServicesShell Companies-0.43
POLEUAndretti Acquisition Corp II - Units (1 Ord Class A & 1/2 War)$223MFinancial ServicesShell Companies-0.41
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.41
SAGTSagtec Global Ltd$21MTechnologySoftware - Application-0.41
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.41
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.41
KRMNKarman Holdings Inc$8.42BIndustrialsAerospace & Defense-0.40
GRCEAcasti Pharma Inc$36MHealthcareBiotechnology-0.39
HPAIHelport AI Ltd$33MTechnologySoftware - Infrastructure-0.39
AMRZAmrize Ltd$29BBasic MaterialsBuilding Materials-0.39
IPODUDune Acquisition Corp II - Units (1 Ord Cls A & 1 War)$156MFinancial ServicesShell Companies-0.39
BLTEBelite Bio Inc$5.59BHealthcareBiotechnology-0.38
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.37
FRBNUForbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$316MN/AN/A-0.35
PVLAPalvella Therapeutics Inc$1.66BHealthcareBiotechnology-0.35
LPAAULaunch One Acquisition Corp - Units (1 Ord Class A & 1/2 War)$247MFinancial ServicesShell Companies-0.35
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.35

ETFs that lowly correlated with PENG

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.81
RTXGLeverage Shares 2X Long RTX Daily ETF$4MN/AJun 5, 2025-0.81
CSCSDirexion Daily CSCO Bear 1X ETF$1.80M1.00%Jun 24, 2025-0.72
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.69
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.69
PALDDirexion Daily PANW Bear 1X Shares$2.40M1.02%Feb 10, 2025-0.69
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.67
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.66
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.61
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.61
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.58
WNTRYieldMax Short MSTR Option Income Strategy ETF$72M1.00%Mar 26, 2025-0.57
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.56
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.54
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.52
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.52
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.52
IAUINEOS GOLD HIGH INCOME ETF $427M0.79%Jun 4, 2025-0.52
FNGDBank of Montreal$68MN/AJan 22, 2018-0.52
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.51
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.50
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.50
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.48
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.48
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
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.47
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.47
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.47
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.46
GGLSDIREXION DAILY GOOGL BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.46
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.46
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.45
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.44
YGLDSimplify Gold Strategy PLUS Income ETF$49M0.53%Dec 2, 2024-0.44
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.44
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.44
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.44
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.44
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.44
GLDYDEFIANCE GOLD ENHANCED OPTIONS INCOME ETF $35M1.04%Apr 1, 2025-0.43
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.43
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.43
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.43
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.42
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.42
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.41
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.41
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.40
DEFRAPTUS DEFERRED INCOME ETF$116M0.79%May 13, 2025-0.40
CLIPGLOBAL X 1-3 MONTH T-BILL ETF $2.50B0.07%Jun 20, 2023-0.40
SHNYMicroSectors Gold 3X Leveraged ETN$129MN/AFeb 21, 2023-0.39
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.39
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.39
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.39
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.38
SHLDGLOBAL X DEFENSE TECH ETF $8.10B0.50%Sep 11, 2023-0.38
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.38
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.38
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.38
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.37
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.37
BILZPIMCO ULTRA SHORT GOVERNMENT ACTIVE EXCHANGE-TRADED FUND $874M0.14%Jun 21, 2023-0.37
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.37
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.37
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.36
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.36
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.36
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.35