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High CorrelationLow Correlation

35 Stocks and 65 ETFs for diversifying Reliance Steel & Aluminum (RS)

The least correlated asset to Reliance Steel & Aluminum (RS) is ETF WZRD (Opportunistic Trader ETF). The correlation is -0.7542.

Stocks that lowly correlated with RS

SymbolName
Market cap
SectorIndustry
Correlation
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.64
MENSJyong Biotech Ltd$164MHealthcareBiotechnology-0.58
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.58
PVLAPalvella Therapeutics Inc$1.66BHealthcareBiotechnology-0.56
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.52
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.52
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.51
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.51
INHDInno Holdings Inc$9.59MBasic MaterialsSteel-0.45
QETARQuetta Acquisition Corp$1.33MN/AN/A-0.45
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.44
DLCAUDeep Lake Capital Acquisition Corp - Units (1 Ord Class A & 1/2 War)$262MN/AN/A-0.43
NVSAUNew Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$350MN/AN/A-0.42
NAMIJinxin Technology Holding Company$34MCommunication ServicesInternet Content & Information-0.41
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.41
SWETUAthlon Acquisition Corp - Units (1 Ord Class A & 1/2 War)$277MN/AN/A-0.40
AGHAureus Greenway Holdings Inc$87MConsumer CyclicalLeisure-0.40
TSIBUTishman Speyer Innovation Corp II - Units (1 Ord Share Class A & 1/5 War)$301MN/AN/A-0.40
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.40
SVFAUSVF Investment Corp - Units (1 Ord Share Class A & 1/5 War)$766MN/AN/A-0.39
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.37
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.37
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.37
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.37
OSTXOS Therapies Inc$74MHealthcareBiotechnology-0.37
CCVChurchill Capital Corp V - Class A$284MN/AN/A-0.37
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.37
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.37
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.37
TURBTurbo Energy S.A.$7.58MTechnologySolar-0.36
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.36
BOACBluescape Opportunities Acquisition Corp - Class A$227MN/AN/A-0.36
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.35
NOACNatural Order Acquisition Corp$289MN/AN/A-0.35
MONCUMonument Circle Acquisition Corp - Units (1 Ord Class A & 1/2 War)$251MN/AN/A-0.35

ETFs that lowly correlated with RS

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.75
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.68
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.66
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.65
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.65
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.64
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.62
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.60
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.60
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.60
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.60
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.60
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.60
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.59
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.59
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.59
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $26MN/AApr 24, 2025-0.57
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.57
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.56
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.56
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.56
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.56
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.56
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.54
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.53
OILDBank of Montreal$19MN/ANov 8, 2021-0.52
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.51
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.51
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.51
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.49
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.48
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.48
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.47
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.47
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.47
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.47
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.46
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.46
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.45
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.45
CSCSDirexion Daily CSCO Bear 1X ETF$1.80M1.00%Jun 24, 2025-0.44
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.44
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.43
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.43
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.42
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.42
TIPDDirexion Daily TIPS Bear 2X Shares$4M0.10%Aug 18, 2025-0.42
ILSBROOKMONT CATASTROPHIC BOND ETF $75M1.58%Mar 31, 2025-0.41
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.41
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.41
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.41
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.40
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.40
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.40
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.39
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.39
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.39
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.38
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.38
USDXSGI ENHANCED CORE ETF $319M1.08%Feb 28, 2024-0.38
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.37
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.37
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.36
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.35
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.35