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High CorrelationLow Correlation

63 Stocks and 37 ETFs for diversifying Redwood Trust (RWT)

The least correlated asset to Redwood Trust (RWT) is company Pioneer Acquisition I (PACH). The correlation is -0.7312.

Stocks that lowly correlated with RWT

SymbolName
Market cap
SectorIndustry
Correlation
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.73
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.71
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.71
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.69
SPEGUSilver Pegasus Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.65
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.64
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.64
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.62
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.60
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.59
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.59
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.57
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.57
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.57
INLXIntellinetics Inc$25MTechnologySoftware - Application-0.57
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.55
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.55
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.55
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.53
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.53
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.53
OBAOxley Bridge Acquisition Ltd - Class A$260MFinancial ServicesShell Companies-0.52
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.51
BACQUMerlin Inc - Units (1Ord Class A & 1 Rights)$781MFinancial ServicesShell Companies-0.51
OFSSOOFS Capital Corp$341MN/AN/A-0.51
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$213MFinancial ServicesShell Companies-0.50
AXINAxiom Intelligence Acquisition Corp 1 - Class A$341MFinancial ServicesShell Companies-0.48
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.48
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.47
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.46
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.45
SDHISiddhi Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.45
TACHUTitan Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$691MFinancial ServicesShell Companies-0.45
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.44
HMRSports Properties Acquisition Corp$65MIndustrialsMarine Shipping-0.44
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.44
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies-0.43
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.43
EDHLEverbright Digital Holding Ltd$5.88MCommunication ServicesAdvertising Agencies-0.43
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.43
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.43
WFFWF Holding Ltd$12MIndustrialsSpecialty Industrial Machinery-0.42
NHICWNewHold Investment Corp III - Warrants (01/01/9999)$171MN/AN/A-0.42
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.42
NCTIntercont (Cayman) Ltd$3.63MIndustrialsMarine Shipping-0.42
RALRALSTON PURINA CO$7.56BTechnologyElectronic Components-0.42
OMDAOmada Health Inc$1.41BHealthcareHealth Information Services-0.41
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.41
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.41
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.41
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.40
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.40
RDAGRepublic Digital Acquisition Co. - Class A$311MFinancial ServicesShell Companies-0.40
COLARColumbus Acquisition Corp Rights$778KN/AN/A-0.40
EQTEQT Corp$31BEnergyOil & Gas E&p-0.39
BCARUD. Boral ARC Acquisition I Corp Units$157MFinancial ServicesShell Companies-0.39
RDACURising Dragon Acquisition Corp - Units (1 Ord Shs & 1 Rts)$13MFinancial ServicesShell Companies-0.38
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.38
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.38
SMXTSolarMax Technology Inc$20MTechnologySolar-0.38
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.38
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.37
ALFUUCenturion Acquisition Corp - Units (1 Ord & 1 War)$305MFinancial ServicesShell Companies-0.37

ETFs that lowly correlated with RWT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.57
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.50
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.49
AMDWROUNDHILL AMD WEEKLYPAY ETF $122MN/AJul 23, 2025-0.49
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.49
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.46
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.46
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.46
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.46
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.45
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.45
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.45
CSCLDirexion Daily CSCO Bull 2X ETF$16MN/AJun 24, 2025-0.45
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.45
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.43
SNOUT-REX 2X LONG SNOW DAILY TARGET ETF $25MN/AApr 23, 2025-0.43
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.43
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.42
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.42
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.42
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.41
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.41
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.40
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.40
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.40
DVXKWEBs Defined Volatility XLK ETF$8M0.89%Jul 22, 2025-0.40
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.39
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.39
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.39
ELILDirexion Daily LLY Bull 2X Shares$23MN/AMar 25, 2025-0.39
QGRDHORIZON NASDAQ-100 DEFINED RISK ETF $106M0.85%Jul 9, 2025-0.39
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.38
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.38
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.38
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.38
CRWLGRANITESHARES 2X LONG CRWD DAILY ETF $53MN/ANov 11, 2024-0.37