Overview Performance Dividends Metrics Financials ETFs Industry Correlations

27 Stocks and 73 ETFs for diversifying PennantPark Investment (PNNT)

The least correlated asset to PennantPark Investment (PNNT) is ETF DWSH (ADVISORSHARES DORSEY WRIGHT SHORT ETF). The correlation is -0.7231.

Stocks that lowly correlated with PNNT

Symbol	Name	Market cap	Sector	Industry	Correlation
GIBO	GIBO Holdings Ltd	$42M	Communication Services	Internet Content & Information	-0.61
SLDE	Slide Insurance Holdings Inc	$2.20B	Financial Services	Insurance - Property & Casualty	-0.60
HOND	HCM II Acquisition Corp. Class A Ordinary Shares	$519M	Financial Services	Shell Companies	-0.57
DFSC	DEFSEC Technologies Inc Com	$8.73M	Industrials	Aerospace & Defense	-0.53
NCI	Neo Concept International Group Holdings Ltd	$22M	Consumer Cyclical	Apparel Manufacturing	-0.52
NCEW	New Century Logistics (BVI) Ltd	$58M	Industrials	Integrated Freight & Logistics	-0.51
SAFX	XCF Global Inc	$126M	Utilities	Utilities - Renewable	-0.50
ASIC	Ategrity Specialty Holdings LLC	$969M	Financial Services	Insurance - Property & Casualty	-0.47
NPAC	New Providence Acquisition Corp III - Class A	$397M	Financial Services	Shell Companies	-0.46
LCCC	Lakeshore Acquisition III Corp	$72M	Financial Services	Shell Companies	-0.45
EQV	EQV Ventures Acquisition Corp.	$466M	Financial Services	Shell Companies	-0.44
CMDB	Costamare Bulkers Holdings Ltd	$409M	Industrials	Marine Shipping	-0.41
HMR	Sports Properties Acquisition Corp	$73M	Industrials	Marine Shipping	-0.41
PROP	Prairie Operating Co. Common Stock	$81M	Energy	Oil & Gas E&p	-0.41
WTGUU	Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$20M	Financial Services	Shell Companies	-0.40
CRAQ	Cal Redwood Acquisition Corp	$320M	Financial Services	Shell Companies	-0.38
TMDE	TMD Energy Ltd	$18M	Energy	Oil & Gas Midstream	-0.37
PFAI	Pinnacle Food Group Ltd - Class A	$46M	Consumer Defensive	Farm Products	-0.37
STBX	Starbox Group Holdings Ltd	$1.14M	Communication Services	Internet Content & Information	-0.36
HMCO	HumanCo Acquisition Corp - Class A	$387M	N/A	N/A	-0.36
BCAX	Bicara Therapeutics Inc	$1.41B	Healthcare	Biotechnology	-0.35
DAIC	CID HoldCo Inc	$5.39M	Technology	Information Technology Services	-0.35
GRO	Brazil Potash Corp	$132M	Basic Materials	Other Industrial Metals & Mining	-0.35
LINE	Lineage Inc	$9.85B	Real Estate	Reit - Industrial	-0.34
DTSQ	DT Cloud Star Acquisition Corp	$70M	Financial Services	Shell Companies	-0.34
DAAQ	Digital Asset Acquisition Corp - Class A	$178M	Financial Services	Shell Companies	-0.34
FRBN	Forbion European Acquisition Corp - Class A	$343M	Financial Services	Shell Companies	-0.33

ETFs that lowly correlated with PNNT

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$9M	6.22%	Jul 10, 2018	-0.72
TNGY	TORTOISE ENERGY ETF	$600M	0.85%	Dec 27, 2010	-0.70
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.67
SEF	ProShares Short Financials -1x Shares	$18M	0.95%	Jun 10, 2008	-0.67
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$37M	0.89%	Jan 17, 2018	-0.65
SBB	ProShares Short SmallCap600 -1x Shares	$4.10M	0.95%	Jan 23, 2007	-0.65
SKF	ProShares UltraShort Financials -2x Shares	$16M	N/A	May 23, 2007	-0.64
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.64
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$19M	N/A	Nov 7, 2019	-0.64
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.60M	N/A	Jan 23, 2007	-0.63
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.62
VIXM	ProShares VIX Mid-Term Futures ETF	$56M	0.92%	Jan 3, 2011	-0.62
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.61
SJB	PROSHARES SHORT HIGH YIELD	$103M	0.95%	Mar 21, 2011	-0.61
MZZ	PROSHARES ULTRASHORT MIDCAP400	$734K	N/A	Jul 11, 2006	-0.61
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.59
TAIL	CAMBRIA TAIL RISK ETF	$157M	0.59%	Apr 5, 2017	-0.59
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$2.90M	0.65%	Nov 14, 2017	-0.59
BNKD	Bank of Montreal	$1.40M	N/A	Feb 20, 2025	-0.58
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.57
UVIX	2x Long VIX Futures ETF	$499M	N/A	Mar 28, 2022	-0.57
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.57
EFZ	ProShares Short MSCI EAFE -1X Shares	$16M	0.95%	Oct 23, 2007	-0.56
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$220M	0.48%	Jun 8, 2016	-0.56
SH	ProShares Short S&P500 -1x Shares	$1.20B	0.89%	Jun 19, 2006	-0.56
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$932K	N/A	Oct 23, 2007	-0.55
SIJ	ProShares UltraShort Industrials -2x Shares	$6.20M	N/A	Jan 30, 2007	-0.55
EPV	ProShares UltraShort FTSE Europe -2X Shares	$14M	N/A	Jun 16, 2009	-0.55
DRIP	DIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES	$117M	N/A	May 28, 2015	-0.54
REK	PROSHARES SHORT REAL ESTATE	$12M	0.95%	Mar 16, 2010	-0.54
DXD	PROSHARES ULTRASHORT DOW30	$51M	N/A	Jul 11, 2006	-0.54
DUG	ProShares UltraShort Energy	$18M	N/A	Jan 30, 2007	-0.54
SDS	ProShares UltraShort S&P500 -2x Shares	$443M	N/A	Jul 11, 2006	-0.53
WTID	Bank of Montreal	$6.60M	N/A	Feb 16, 2023	-0.51
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$1.10B	N/A	Nov 24, 2008	-0.51
OILD	Bank of Montreal	$19M	N/A	Nov 8, 2021	-0.50
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$40M	N/A	Nov 6, 2008	-0.50
SMN	ProShares UltraShort Materials	$3.10M	N/A	Jan 30, 2007	-0.50
SRS	ProShares UltraShort Real Estate -2x Shares	$17M	N/A	Jan 30, 2007	-0.50
SPXU	ProShares UltraPro Short S&P 500	$562M	N/A	Jun 23, 2009	-0.49
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.49
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$62M	0.79%	Jun 28, 2024	-0.48
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$8.80M	0.95%	Oct 30, 2007	-0.48
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$180M	N/A	Feb 9, 2010	-0.47
SCC	ProShares UltraShort Consumer Discretionary	$6.20M	N/A	Jan 30, 2007	-0.47
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$6.10M	N/A	Oct 30, 2007	-0.47
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3M	N/A	Jun 16, 2009	-0.47
SRTY	ProShares UltraPro Short Russell2000 -3x Shares	$81M	N/A	Feb 9, 2010	-0.46
EWV	ProShares UltraShort MSCI Japan -2x Shares	$7.20M	N/A	Nov 6, 2007	-0.45
ETHD	ProShares UltraShort Ether ETF	$84M	N/A	Jun 6, 2024	-0.44
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.44
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$9.80M	1.05%	Jul 23, 2024	-0.43
PSQ	ProShares Short QQQ -1x Shares	$519M	0.95%	Jun 19, 2006	-0.42
NVDS	Tradr 1.5X Short NVDA Daily ETF	$23M	N/A	Jul 13, 2022	-0.41
BTCZ	T-REX 2X INVERSE BITCOIN DAILY TARGET ETF	$26M	N/A	Jul 9, 2024	-0.40
SETH	ProShares Short Ether ETF	$16M	0.95%	Nov 1, 2023	-0.40
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$23M	0.50%	Mar 6, 2024	-0.40
METD	DIREXION DAILY META BEAR 1X SHARES	$8.60M	1.02%	Jun 5, 2024	-0.39
RSBY	RETURN STACKED(R) BONDS & FUTURES YIELD ETF	$78M	1.01%	Aug 20, 2024	-0.39
NVDQ	T-Rex 2X Inverse NVIDIA Daily Target ETF	$36M	N/A	Oct 18, 2023	-0.39
QID	PROSHARES ULTRASHORT QQQ	$279M	N/A	Jul 11, 2006	-0.38
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$10M	N/A	Nov 7, 2019	-0.38
AIBD	DIREXION DAILY AI AND BIG DATA BEAR 2X SHARES	$4.20M	N/A	May 15, 2024	-0.38
FIAT	YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF	$39M	1.05%	Jul 9, 2024	-0.38
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$37M	N/A	Dec 17, 2008	-0.38
NVDD	DIREXION DAILY NVDA BEAR 1X SHARES	$23M	1.01%	Sep 12, 2023	-0.38
BWET	Breakwave Tanker Shipping ETF	$38M	3.50%	May 1, 2023	-0.37
REW	ProShares UltraShort Technology -2x Shares	$3.70M	N/A	Jan 30, 2007	-0.37
CLIM	CLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF	$1.30M	0.90%	Mar 11, 2026	-0.36
MSFD	DIREXION DAILY MSFT BEAR 1X SHARES	$42M	1.02%	Sep 6, 2022	-0.36
SBIT	ProShares UltraShort Bitcoin ETF	$183M	N/A	Apr 1, 2024	-0.35
JUCY	APTUS ENHANCED YIELD ETF	$234M	0.60%	Oct 31, 2022	-0.33
AMZD	DIREXION DAILY AMZN BEAR 1X SHARES	$17M	1.02%	Sep 6, 2022	-0.33