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High CorrelationLow Correlation

36 Stocks and 64 ETFs for diversifying PennantPark Floating Rate Capital (PFLT)

The least correlated asset to PennantPark Floating Rate Capital (PFLT) is ETF DWSH (ADVISORSHARES DORSEY WRIGHT SHORT ETF). The correlation is -0.7577.

Stocks that lowly correlated with PFLT

SymbolName
Market cap
SectorIndustry
Correlation
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.62
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.62
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies-0.61
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.61
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.61
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.60
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.56
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.51
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.51
PMIPicard Medical Inc$11MHealthcareMedical Devices-0.49
LOARLoar Holdings Inc$6.61BIndustrialsAerospace & Defense-0.48
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.46
HSPTRHorizon Space Acquisition II Corp Right$1MN/AN/A-0.46
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.46
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.44
ENGSEnergys Group Ltd$12MIndustrialsWaste Management-0.44
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.43
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.43
CCIIUCohen Circle Acquisition Corp II - Units (1 Ord Cls A & 1/4 War)$80MFinancial ServicesShell Companies-0.43
KGKING PHARMACEUTICALS INC$77MFinancial ServicesInsurance - Reinsurance-0.42
PLTN/A$508MN/AN/A-0.42
JBDIJBDI Holdings Ltd$12MConsumer CyclicalSpecialty Retail-0.41
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies-0.41
IPEXInflection Point Acquisition Corp V - Class A$125MFinancial ServicesShell Companies-0.41
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.40
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services-0.40
MLACRMountain Lake Acquisition Corp$7.99MN/AN/A-0.40
RDAGRepublic Digital Acquisition Co. - Class A$311MFinancial ServicesShell Companies-0.40
NCINeo Concept International Group Holdings Ltd$48MConsumer CyclicalApparel Manufacturing-0.40
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.39
CHPGUChampionsGate Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.39
SZZLRSizzle Acquisition Corp II$1.47MN/AN/A-0.39
IBGInnovation Beverage Group Ltd$1.60MConsumer DefensiveBeverages - Wineries & Distilleries-0.39
KMTSKestra Medical Technologies Ltd$1.44BHealthcareMedical Instruments & Supplies-0.38
EFTYEtoiles Capital Group Co Ltd - Class A$287MIndustrialsConsulting Services-0.38
EURKUEureka Acquisition Corp - Units (1 Ord Class A & 1 Rts)$53MFinancial ServicesShell Companies-0.38

ETFs that lowly correlated with PFLT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.76
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.71
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.70
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.69
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.69
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.69
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.69
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.69
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.68
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.68
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.67
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.67
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.66
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.66
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.65
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.65
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.65
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.65
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.64
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.63
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.63
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.63
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.63
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.63
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.62
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.62
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.61
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.61
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.60
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.59
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.59
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.58
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.57
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.56
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.55
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.55
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.55
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.55
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.55
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.54
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.54
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.54
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.54
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.53
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.53
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.53
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.52
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.49
OILDBank of Montreal$53MN/ANov 8, 2021-0.47
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.47
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.47
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.45
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.45
VSTLDEFIANCE DAILY TARGET 2X LONG VST ETF $12MN/AJul 21, 2025-0.44
IBGLISHARES IBONDS DEC 2055 TERM TREASURY ETF $6M0.07%Mar 25, 2025-0.43
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.43
TLTXGLOBAL X TREASURY BOND ENHANCED INCOME ETF $14M0.29%Jul 15, 2025-0.42
RBLYYIELDMAX(R) RBLX OPTION INCOME STRATEGY ETF $2.40M0.99%Jul 28, 2025-0.42
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.42
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.41
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.40
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.39
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.38