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48 Stocks and 52 ETFs for diversifying FreightCar America (RAIL)

The least correlated asset to FreightCar America (RAIL) is ETF TSMZ (DIREXION DAILY TSM BEAR 1X SHARES). The correlation is -0.6847.

Stocks that lowly correlated with RAIL

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.58
WETOWebus International Ltd$11MTechnologySoftware - Infrastructure-0.56
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.55
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.53
HCAIHuachen AI Parking Management Technology Holding Co. Ltd$13MIndustrialsFarm & Heavy Construction Machinery-0.52
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.50
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.49
FSHPFlag Ship Acquisition Corp$58MFinancial ServicesShell Companies-0.49
PLMIUPlum Acquisition Corp I - Units (1 Ord Share Class A & 1/5 War)$232MN/AN/A-0.47
WYHGWing Yip Food Holdings Group Ltd$43MConsumer DefensivePackaged Foods-0.47
PMNTPerfect Moment Ltd$7.77MConsumer CyclicalApparel Manufacturing-0.46
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.46
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.46
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.46
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.45
CBIOCrescent Biopharma Inc$573MHealthcareBiotechnology-0.45
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.43
SDHISiddhi Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.42
BSLKBolt Projects Holdings Inc - Class A$212KBasic MaterialsSpecialty Chemicals-0.42
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.42
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.41
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.41
PVLAPalvella Therapeutics Inc$1.66BHealthcareBiotechnology-0.40
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.40
NAMIJinxin Technology Holding Company$34MCommunication ServicesInternet Content & Information-0.40
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.39
UYSCUY Scuti Acquisition Corp$73MFinancial ServicesShell Companies-0.38
MENSJyong Biotech Ltd$164MHealthcareBiotechnology-0.38
ADVBAdvanced Biomed Inc$5.36MHealthcareDiagnostics & Research-0.37
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.37
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.37
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.36
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.36
SMXTSolarMax Technology Inc$31MTechnologySolar-0.36
FBYDFalcon`s Beyond Global Inc - Class A$725MIndustrialsConglomerates-0.35
MLGOMicroAlgo Inc$43MTechnologySoftware - Infrastructure-0.35
PSIGPS International Group Ltd$21MIndustrialsIntegrated Freight & Logistics-0.34
HNGEHinge Health Inc - Class A$4.21BHealthcareHealth Information Services-0.34
ENGSEnergys Group Ltd$12MIndustrialsWaste Management-0.34
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.33
PFAIPinnacle Food Group Ltd - Class A$46MConsumer DefensiveFarm Products-0.33
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.33
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.32
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.32
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.32
ATPCAgape ATP Corp$2.85MConsumer DefensivePackaged Foods-0.32
BRLSBorealis Foods Inc - Class A$31MConsumer DefensivePackaged Foods-0.32
NTCLNetClass Technology Inc - Class A$8.13MTechnologySoftware - Application-0.31

ETFs that lowly correlated with RAIL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.68
MMKTTEXAS CAPITAL GOVERNMENT MONEY MARKET ETF $70M0.20%Sep 24, 2024-0.66
SOFRAmplify Samsung SOFR ETF$423M0.20%Nov 14, 2023-0.60
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.56
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.56
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.50
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.48
MYCFSPDR SSGA My2026 Corporate Bond ETF$46M0.15%Sep 23, 2024-0.45
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.45
QBProShares Nasdaq100 Dynamic Buffer ETF$1.40M0.58%Jun 24, 2025-0.43
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.43
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.41
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.41
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.40
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.40
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.40
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.40
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.40
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.40
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.40
SJLDSANJAC ALPHA LOW DURATION ETF $2.50M0.35%Sep 9, 2024-0.39
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.39
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.39
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.39
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.39
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.39
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.38
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.38
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.38
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.38
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.38
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.38
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.38
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.37
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.37
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.37
TOAKTWIN OAK SHORT HORIZON ABSOLUTE RETURN ETF $79M0.25%Aug 19, 2024-0.36
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.36
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.36
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.36
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.36
TRSYXtrackers US 0-1 Year Treasury ETF$74M0.06%Oct 8, 2024-0.35
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.34
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.33
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.33
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.33
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.33
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.33
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.32
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.32
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.31
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.31