Overview Performance Metrics Financials ETFs Industry Splits Correlations

24 Stocks and 76 ETFs for diversifying Shopify (SHOP)

The least correlated asset to Shopify (SHOP) is ETF PLTZ (Defiance Daily Target 2x Short PLTR ETF). The correlation is -0.8549.

Stocks that lowly correlated with SHOP

Symbol	Name	Market cap	Sector	Industry	Correlation
BUUU	BUUU Group Ltd - Class A	$293M	Industrials	Specialty Business Services	-0.58
MCTR	CTRL Group Ltd	$15M	Communication Services	Advertising Agencies	-0.58
WSBK	Winchester Bancorp Inc	$121M	Financial Services	Banks - Regional	-0.56
JLHL	Julong Holding Ltd - Class A	$219M	Industrials	Building Products & Equipment	-0.54
NAMM	Namib Minerals.	$87M	Basic Materials	Gold	-0.50
LINE	Lineage Inc	$9.99B	Real Estate	Reit - Industrial	-0.50
FIGX	FIGX Capital Acquisition Corp - Class A	$159M	Financial Services	Shell Companies	-0.49
SEGG	Lottery.com Inc	$4.48M	Consumer Cyclical	Gambling	-0.49
KMRK	KTech Solutions Company Ltd	$21M	Consumer Cyclical	Leisure	-0.49
TJGC	TJGC Group Ltd	$69M	Communication Services	Advertising Agencies	-0.48
TGE	Generation Essentials Group - Class A	$370M	Financial Services	Asset Management	-0.48
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.47
NCEW	New Century Logistics (BVI) Ltd	$54M	Industrials	Integrated Freight & Logistics	-0.47
CDLR	Cadeler AS	$2.10B	Industrials	Engineering & Construction	-0.46
CHAR	CHAPARRAL RESOURCES INC	$119M	Financial Services	Shell Companies	-0.45
EVAC	EDWARDS GROUP LTD Foreign	$597M	Financial Services	Shell Companies	-0.45
COLAU	Columbus Acquisition Corp - Units ( Ord Cls A & 1 Rts)	$62M	Financial Services	Shell Companies	-0.44
BMGL	Basel Medical Group Ltd	$9.61M	Healthcare	Medical Care Facilities	-0.43
BCARU	D. Boral ARC Acquisition I Corp Units	$157M	Financial Services	Shell Companies	-0.42
EGHA	EGH Acquisition Corp - Class A	$212M	Financial Services	Shell Companies	-0.41
INACU	Indigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$34M	Financial Services	Shell Companies	-0.41
UYSC	UY Scuti Acquisition Corp	$74M	Financial Services	Shell Companies	-0.41
AEBI	Aebi Schmidt Holding AG	$971M	Industrials	Farm & Heavy Construction Machinery	-0.41
QSEAR	Quartzsea Acquisition Corp	$845K	N/A	N/A	-0.40

ETFs that lowly correlated with SHOP

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
PLTZ	Defiance Daily Target 2x Short PLTR ETF	$13M	N/A	Jun 5, 2025	-0.85
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.76
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.72
USNG	AMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF	$7.40M	0.59%	May 19, 2025	-0.71
PLTD	T-REX 2X INVERSE PLTR DAILY TARGET ETF	$47M	0.98%	Dec 10, 2024	-0.69
ETHD	ProShares UltraShort Ether ETF	$86M	N/A	Jun 6, 2024	-0.68
GXPE	GLOBAL X PURECAP MSCI ENERGY ETF	$1.20M	0.15%	Jul 22, 2025	-0.65
XLEI	STATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$40M	0.35%	Jul 29, 2025	-0.64
DVRE	WEBs Defined Volatility XLRE ETF	$244K	0.89%	Jul 22, 2025	-0.64
TIPB	NORTHERN TRUST 2035 INFLATION-LINKED DISTRIBUTING LADDER ETF	$8M	0.10%	Aug 18, 2025	-0.64
GXPS	GLOBAL X PURECAP MSCI CONSUMER STAPLES ETF	$59M	0.15%	Jul 22, 2025	-0.62
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.61
FIAT	YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF	$35M	1.05%	Jul 9, 2024	-0.59
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.58
TIPA	NORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF	$18M	0.10%	Aug 18, 2025	-0.57
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.57
XOMX	Direxion Daily XOM Bull 2X Shares	$7.80M	N/A	Apr 22, 2025	-0.57
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.57
TNGY	TORTOISE ENERGY ETF	$515M	0.85%	Dec 27, 2010	-0.56
DVXP	WEBs Defined Volatility XLP ETF	$251K	0.89%	Jul 22, 2025	-0.56
EPEM	HARBOR EMERGING MARKETS EQUITY ETF	$8M	0.84%	Jun 4, 2025	-0.55
BTCZ	T-REX 2X INVERSE BITCOIN DAILY TARGET ETF	$30M	N/A	Jul 9, 2024	-0.54
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.53
EMOP	AB EMERGING MARKETS OPPORTUNITIES ETF	$2.10B	0.70%	Dec 15, 1995	-0.53
EMES	HARBOR EMERGING MARKETS SELECT ETF	$12M	0.65%	May 14, 2025	-0.53
SETH	ProShares Short Ether ETF	$23M	0.95%	Nov 1, 2023	-0.53
MUNA	NORTHERN TRUST 2030 TAX-EXEMPT DISTRIBUTING LADDER ETF	$9M	0.18%	Aug 18, 2025	-0.53
DIVN	HORIZON DIVIDEND INCOME ETF	$191M	0.70%	Jun 25, 2025	-0.53
CONI	GRANITESHARES 2X SHORT COIN DAILY ETF	$16M	N/A	Sep 4, 2024	-0.52
TEXN	ISHARES TEXAS EQUITY ETF	$17M	0.20%	Jun 23, 2025	-0.52
SBIT	ProShares UltraShort Bitcoin ETF	$219M	N/A	Apr 1, 2024	-0.52
MSFD	DIREXION DAILY MSFT BEAR 1X SHARES	$11M	1.02%	Sep 6, 2022	-0.51
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.51
IDEQ	LAZARD INTERNATIONAL DYNAMIC EQUITY ETF	$1.50B	0.40%	May 29, 2015	-0.51
DVIN	WEBs Defined Volatility XLI ETF	$313K	0.89%	Jul 22, 2025	-0.51
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.50
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.50
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.50
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.50
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	$4.70M	N/A	May 15, 2024	-0.49
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.49
RNTY	YIELDMAX(R) TARGET 12(TM) REAL ESTATE OPTION INCOME ETF	$6.30M	0.99%	Apr 16, 2025	-0.48
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.48
NFXS	DIREXION DAILY NFLX BEAR 1X SHARES	$5.40M	1.03%	Oct 2, 2024	-0.48
QALT	SEI DBI MULTI-STRATEGY ALTERNATIVE ETF	$194M	0.80%	Jun 30, 2023	-0.48
TCV	TOWLE VALUE ETF	$206M	0.85%	Oct 31, 2011	-0.48
DVXB	WEBs Defined Volatility XLB ETF	$276K	0.89%	Jul 22, 2025	-0.48
BILT	iShares Infrastructure Active ETF	$32M	0.60%	Jul 29, 2025	-0.47
CSCL	Direxion Daily CSCO Bull 2X ETF	$16M	N/A	Jun 24, 2025	-0.47
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.47
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$35M	0.50%	Mar 6, 2024	-0.47
BLUI	BLUEMONTE DIVERSIFIED INCOME ETF	$105M	0.75%	Jun 20, 2025	-0.46
DGLO	FIRST TRUST RBA DEGLOBALIZATION ETF	$3.60M	0.70%	Aug 5, 2025	-0.46
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.45
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$8.20M	1.05%	Jul 23, 2024	-0.45
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.45
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.45
RISR	FOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF	$274M	1.04%	Sep 30, 2021	-0.44
VNIE	VONTOBEL INTERNATIONAL EQUITY ACTIVE ETF	$9.30M	0.60%	May 14, 2025	-0.44
CRSH	YIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF	$16M	1.05%	May 1, 2024	-0.44
ASGM	Virtus ETF Trust II AlphaSimplex Global Macro	$8.60M	0.86%	Aug 4, 2025	-0.43
KMLM	KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF	$298M	0.90%	Dec 1, 2020	-0.43
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.42
RIFR	RUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF	$43M	0.59%	May 13, 2025	-0.42
EPSV	HARBOR SMID CAP VALUE ETF	$6.30M	0.88%	May 1, 2025	-0.41
LVDS	JPMORGAN FUNDAMENTAL DATA SCIENCE LARGE VALUE ETF	$106M	0.30%	Feb 28, 2003	-0.41
NVDS	Tradr 1.5X Short NVDA Daily ETF	$18M	N/A	Jul 13, 2022	-0.40
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.40
CGVV	CAPITAL GROUP U.S. LARGE VALUE ETF SHARE CLASS	$146M	0.33%	Jun 24, 2025	-0.40
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.40
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.40
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.40
MBSX	REGAN FIXED RATE MBS ETF	$17M	0.40%	Apr 30, 2025	-0.40
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.40
TURF	T. ROWE PRICE NATURAL RESOURCES ETF	$157M	0.44%	Jun 11, 2025	-0.40
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.40