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57 Stocks and 43 ETFs for diversifying Shoulder Innovations (SI)

The least correlated asset to Shoulder Innovations (SI) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with SI

SymbolName
Market cap
SectorIndustry
Correlation
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-1.00
ATIFATIF Holdings Ltd$6.07MN/AN/A-0.99
CNLCollective Mining Ltd.$1.14BBasic MaterialsGold-0.99
DRRXDurect Corp$60MHealthcareDrug Manufacturers - Specialty & Generic-0.98
RAINRain Enhancement Technologies Holdco, Inc. Class A Common Stock$13MIndustrialsPollution & Treatment Controls-0.97
TURN180 Degree Capital Corp$50MFinancial ServicesAsset Management-0.92
IASIntegral Ad Science Holding Corp$1.73BCommunication ServicesAdvertising Agencies-0.89
YMABY-Mabs Therapeutics Inc$390MHealthcareBiotechnology-0.89
GSRTUGSR III Acquisition Corp - Units (1 Ord Class A & 1/7 Rts)$467MN/AN/A-0.87
FIXComfort Systems USA Inc$61BIndustrialsEngineering & Construction-0.87
ANTEAirNet Technology Inc$89MN/AN/A-0.87
MRUSMerus N.V$6.83BHealthcareBiotechnology-0.86
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.84
BLMZHarrison Global Holdings Inc$172KCommunication ServicesEntertainment-0.80
NPKINewpark Resources Inc$1.22BIndustrialsBuilding Products & Equipment-0.80
EVGNEvogene Ltd$5.64MHealthcareBiotechnology-0.80
CNTXContext Therapeutics Inc$58MHealthcareBiotechnology-0.80
EMEEmcor Group Inc$34BIndustrialsEngineering & Construction-0.78
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.78
TOYOTOYO Co Ltd$210MTechnologySolar-0.77
CDR-P-BCedar Realty Trust Inc$268MN/AOther-0.77
ANTAAntalpha Platform Holding Company$95MFinancial ServicesCredit Services-0.77
EHEHang Holdings Ltd$824KIndustrialsAerospace & Defense-0.76
RDACRRising Dragon Acquisition Corp$140KN/AN/A-0.76
ATLXAtlas Lithium Corporation$89MBasic MaterialsOther Industrial Metals & Mining-0.76
TMUSZTMobile US Inc 5.500 Senior Notes due March 2070$24BN/AN/A-0.75
SSTKShutterstock Inc$280MCommunication ServicesInternet Content & Information-0.75
HIG-P-GHartford Financial Services Group Inc$6.86BN/AOther-0.74
RBOTVicarious Surgical Inc.$1.07MHealthcareMedical Devices-0.74
VRTVertiv Holdings Co - Class A$117BIndustrialsElectrical Equipment & Parts-0.74
POWLPowell Industries Inc$9BIndustrialsElectrical Equipment & Parts-0.74
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.74
BGBunge Global SA$22BConsumer DefensiveFarm Products-0.74
BEBloom Energy Corp - Class A$67BIndustrialsElectrical Equipment & Parts-0.74
POSTPost Holdings Inc$4.08BConsumer DefensivePackaged Foods-0.73
NINiSource Inc$22BUtilitiesUtilities - Regulated Gas-0.73
PPTAPerpetua Resources Corp Com$2.32BBasic MaterialsOther Precious Metals & Mining-0.73
TAVITavia Acquisition Corp$122MFinancial ServicesShell Companies-0.73
USARUSA Rare Earth Inc - Class A$3.77BBasic MaterialsOther Industrial Metals & Mining-0.73
NWGLNature Wood Group Ltd$4.11MBasic MaterialsLumber & Wood Production-0.73
FKWLFranklin Wireless Corp$28MTechnologyCommunication Equipment-0.73
BWXTBWX Technologies Inc$16BIndustrialsAerospace & Defense-0.72
LEGTLegato Merger Corp. III$197MFinancial ServicesShell Companies-0.72
TYGOTigo Energy Inc$136MTechnologySolar-0.71
ADCTAdc Therapeutics SA$163MHealthcareDrug Manufacturers - Specialty & Generic-0.71
TMUSLTMobile US Inc 6.250 Senior Notes due 2069$27BN/AN/A-0.71
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.71
MPWRMonolithic Power System Inc$66BTechnologySemiconductors-0.71
UNFIUnited Natural Foods Inc$2.95BConsumer DefensiveFood Distribution-0.71
UAMYUnited States Antimony Corp$851MBasic MaterialsOther Industrial Metals & Mining-0.71
THMInternational Tower Hill Mines Ltd$563MBasic MaterialsGold-0.71
MLACMountain Lake Acquisition Corp - Class A$43MN/AN/A-0.70
NEE-P-TNextEra Energy Inc 7.234 Corporate Units$106BN/AN/A-0.70
BKRBaker Hughes Co - Class A$46BEnergyOil & Gas Equipment & Services-0.70
NXTNextracker Inc - Class A$16BTechnologySolar-0.70
LOOPLoop Industries Inc$40MBasic MaterialsSpecialty Chemicals-0.69
LPLLG Display Co Ltd$3.55BTechnologyConsumer Electronics-0.69

ETFs that lowly correlated with SI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
PPIInvestment Managers Series Trust II Astoria Real Assets ETF$155M0.58%Dec 30, 2021-0.99
FMFFIRST TRUST MANAGED FUTURES STRATEGY FUND $272M0.98%Aug 1, 2013-0.86
EMEMSOPHUS CAPITAL EMERGING MARKET ETF $61M0.65%May 19, 2026-0.86
FCAFIRST TRUST CHINA ALPHADEX FUND $35M0.80%Apr 18, 2011-0.82
ZAPGLOBAL X U.S. ELECTRIFICATION ETF $485M0.50%Dec 17, 2024-0.81
SMOGVANECK LOW CARBON ENERGY ETF $144M0.64%May 3, 2007-0.81
FRNWFIDELITY CLEAN ENERGY ETF $154M0.39%Oct 5, 2021-0.81
UTGReaves Utility Income Fund$4BN/AN/A-0.80
PBDINVESCO GLOBAL CLEAN ENERGY ETF $207M0.75%Jun 13, 2007-0.80
RNRGGLOBAL X RENEWABLE ENERGY PRODUCERS ETF $31M0.65%May 27, 2015-0.80
ELFYALPS Electrification Infrastructure ETF$204M0.50%Apr 9, 2025-0.79
KARSKRANESHARES ELECTRIC VEHICLES AND FUTURE MOBILITY INDEX ETF $84M0.72%Jan 18, 2018-0.78
RCTRFIRST TRUST BLOOMBERG NUCLEAR POWER ETF $27M0.70%Jul 29, 2025-0.78
TDSBETC CABANA TARGET BETA ETF $47M0.91%Sep 16, 2020-0.78
NUKZRANGE NUCLEAR RENAISSANCE INDEX ETF $837M0.85%Jan 10, 2024-0.78
FANFIRST TRUST GLOBAL WIND ENERGY ETF $304M0.60%Jun 16, 2008-0.78
REMXVANECK RARE EARTH AND STRATEGIC METALS ETF $2.70B0.53%Oct 27, 2010-0.77
ALLWSPDR BRIDGEWATER ALL WEATHER ETF $1.60B0.85%Mar 5, 2025-0.77
HFGMUNLIMITED HFGM GLOBAL MACRO ETF $152M1.01%Apr 14, 2025-0.76
ICLNISHARES GLOBAL CLEAN ENERGY ETF $2.90B0.39%Jun 24, 2008-0.76
RNWZTRUESHARES EAGLE GLOBAL RENEWABLE ENERGY INCOME ETF $6M0.75%Dec 7, 2022-0.76
VRTLGRANITESHARES 2X LONG VRT DAILY ETF $88MN/AMar 24, 2025-0.75
VCLNVIRTUS DUFF & PHELPS CLEAN ENERGY ETF $6.30M0.59%Aug 3, 2021-0.74
ICOWPACER DEVELOPED MARKETS INTERNATIONAL CASH COWS 100 ETF $1.70B0.65%Jun 16, 2017-0.74
LITGlobal X Lithium & Battery Tech ETF$1.80B0.75%Jul 22, 2010-0.74
BATTAMPLIFY LITHIUM & BATTERY TECHNOLOGY ETF $126M0.59%Jun 4, 2018-0.74
ERTHINVESCO MSCI SUSTAINABLE FUTURE ETF $137M0.66%Oct 24, 2006-0.74
STXTSTRIVE TOTAL RETURN BOND ETF $119M0.49%Aug 9, 2023-0.74
JHDGJOHN HANCOCK HEDGED EQUITY ETF $90M0.49%Apr 7, 2026-0.73
AMAXADAPTIVE HEDGED MULTI-ASSET INCOME ETF $65M1.36%Oct 2, 2009-0.73
CCNRALPS | CORECOMMODITY NATURAL RESOURCES ETF $364M0.39%Jul 10, 2024-0.73
CTECGLOBAL X CLEANTECH ETF $28M0.50%Oct 27, 2020-0.73
CTASIMPLIFY MANAGED FUTURES STRATEGY ETF $1.50B0.75%Mar 7, 2022-0.72
JOJOATAC CREDIT ROTATION ETF $5.80M1.24%Jul 15, 2021-0.72
NLRVANECK URANIUM AND NUCLEAR ETF $4.20B0.52%Aug 13, 2007-0.72
ILITISHARES LITHIUM MINERS AND PRODUCERS ETF $18M0.47%Jun 21, 2023-0.71
IBATISHARES ENERGY STORAGE & MATERIALS ETF $81M0.47%Mar 19, 2024-0.71
ETECISHARES BREAKTHROUGH ENVIRONMENTAL SOLUTIONS ETF $4.90M0.47%Mar 28, 2023-0.70
LALTFIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF $248M1.18%Jan 31, 2023-0.70
LIMITHEMES LITHIUM & BATTERY METAL MINERS ETF $2.40M0.35%Sep 23, 2024-0.69