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High CorrelationLow Correlation

26 Stocks and 74 ETFs for diversifying Royal Bank Of Canada (RY)

The least correlated asset to Royal Bank Of Canada (RY) is ETF BNKD (Bank of Montreal). The correlation is -0.7926.

Stocks that lowly correlated with RY

SymbolName
Market cap
SectorIndustry
Correlation
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.67
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.60
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.60
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.58
SZZLUSizzle Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$70MFinancial ServicesShell Companies-0.57
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.56
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.52
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.52
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.50
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.50
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.49
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.49
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.48
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.48
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.47
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.46
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.44
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.44
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.43
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.42
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.41
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.41
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.41
OBAOxley Bridge Acquisition Ltd - Class A$260MFinancial ServicesShell Companies-0.41
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.40
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.40

ETFs that lowly correlated with RY

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.79
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.75
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.75
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.75
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.73
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.73
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.73
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.73
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.72
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.72
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.71
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.71
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.70
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.70
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.70
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.69
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.67
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.67
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.67
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.66
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.66
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.65
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.65
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.65
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.64
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.64
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.63
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.62
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.62
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.61
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.61
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.61
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.61
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.60
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.60
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.60
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.59
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.59
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.59
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.58
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.58
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.58
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.58
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.57
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.55
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.55
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.55
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.53
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.53
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.53
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.49
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.49
XOMXDirexion Daily XOM Bull 2X Shares$7.80MN/AApr 22, 2025-0.48
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.48
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.48
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.47
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.46
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.46
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.45
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.45
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.45
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.44
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.44
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.44
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.44
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.43
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.43
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.42
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.42
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.41
OILDBank of Montreal$53MN/ANov 8, 2021-0.41
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.40
TSLZT-REX 2X INVERSE TESLA DAILY TARGET ETF $31MN/AOct 18, 2023-0.40