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High CorrelationLow Correlation

42 Stocks and 58 ETFs for diversifying Silicon Motion Technology (SIMO)

The least correlated asset to Silicon Motion Technology (SIMO) is company Enhanced Group (APAD). The correlation is -0.864.

Stocks that lowly correlated with SIMO

SymbolName
Market cap
SectorIndustry
Correlation
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.86
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.86
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.75
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.60
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.57
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.53
QETARQuetta Acquisition Corp$1.43MN/AN/A-0.50
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.48
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.48
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.46
HPAIHelport AI Ltd$21MTechnologySoftware - Infrastructure-0.46
BIOSUBioPlus Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$264MN/AN/A-0.45
WAYWaystar Holding Corp$4.35BHealthcareHealth Information Services-0.42
DICEDICE Therapeutics Inc$2.25BN/AN/A-0.42
NDACUNightDragon Acquisition Corp - Units (1 Ord Share Class A & 1/5 War)$444MN/AN/A-0.42
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.42
MITPAG Mortgage Investment Trust Inc$800MN/AN/A-0.41
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.41
EMBCEmbecta Corp$191MHealthcareMedical Instruments & Supplies-0.41
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.41
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.41
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.41
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.41
ZSPCZspace Inc$2.96MTechnologyComputer Hardware-0.41
DGNXDiginex Ltd$28MIndustrialsConsulting Services-0.40
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.39
LITTLogistics Innovation Technologies Corp - Class A$349MN/AN/A-0.39
NDACNightDragon Acquisition Corp - Class A$445MN/AN/A-0.39
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.38
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.37
ASBPAspire Biopharma Holdings Inc$9.03MHealthcareBiotechnology-0.37
TSIBTishman Speyer Innovation Corp II - Class A$302MN/AN/A-0.36
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.36
AKUSAkouos Inc$490MN/AN/A-0.36
UBXGU-BX Technology Ltd$6.42MCommunication ServicesAdvertising Agencies-0.36
SPKBUSilver Spike Acquisition Corp II - Units (1 Ord Share Class A & 1/4 War)$293MN/AN/A-0.36
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.35
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.35
NIQNIQ Global Intelligence plc$3.24BN/AN/A-0.35
ESHAESH Acquisition Corp - Class A$45MFinancial ServicesShell Companies-0.35
VACHVoyager Acquisition Corp - Class A$279MFinancial ServicesShell Companies-0.34
PMIPicard Medical Inc$11MHealthcareMedical Devices-0.34

ETFs that lowly correlated with SIMO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.77
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.76
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.67
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.66
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.65
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.62
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.60
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.59
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.58
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.55
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.52
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.50
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.49
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.49
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.48
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.47
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.47
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.47
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.47
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.47
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.46
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.46
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.46
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-0.44
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.44
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.43
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.43
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.42
WNTRYieldMax Short MSTR Option Income Strategy ETF$81M1.00%Mar 26, 2025-0.42
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.42
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.42
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.41
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.40
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.40
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.39
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.39
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.39
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.39
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.39
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.39
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.38
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.38
RBLYYIELDMAX(R) RBLX OPTION INCOME STRATEGY ETF $2.40M0.99%Jul 28, 2025-0.38
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.38
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.37
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.37
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.37
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.37
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.37
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.37
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.36
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.36
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.36
IBTQISHARES IBONDS DEC 2035 TERM TREASURY ETF $236M0.07%Mar 25, 2025-0.35
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.35
USSHWISDOMTREE 1-3 YEAR LADDERED TREASURY FUND $23M0.15%Mar 12, 2024-0.35
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.34