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High CorrelationLow Correlation

27 Stocks and 73 ETFs for diversifying Skywest (SKYW)

The least correlated asset to Skywest (SKYW) is ETF SEF (ProShares Short Financials -1x Shares). The correlation is -0.6625.

Stocks that lowly correlated with SKYW

SymbolName
Market cap
SectorIndustry
Correlation
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.66
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.64
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.63
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.61
NPACNew Providence Acquisition Corp III - Class A$397MFinancial ServicesShell Companies-0.59
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.57
ADVBAdvanced Biomed Inc$5.36MHealthcareDiagnostics & Research-0.57
GBRGSunCar Technology Group Inc$11MN/AN/A-0.56
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.55
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.54
LINELineage Inc$9.85BReal EstateReit - Industrial-0.52
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.51
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.51
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.50
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.50
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.49
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.49
XHGXChange TEC.Inc American Depositary Shares$35BFinancial ServicesInsurance Brokers-0.47
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$69MFinancial ServicesShell Companies-0.47
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.47
PFAIPinnacle Food Group Ltd - Class A$46MConsumer DefensiveFarm Products-0.46
ENGSEnergys Group Ltd$12MIndustrialsWaste Management-0.46
WETOWebus International Ltd$11MTechnologySoftware - Infrastructure-0.45
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.45
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.45
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.45
TJGCTJGC Group Ltd$101MCommunication ServicesAdvertising Agencies-0.44

ETFs that lowly correlated with SKYW

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.66
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.65
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.64
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.63
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.63
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.63
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.63
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.63
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.62
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.62
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.61
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.61
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.61
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.60
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.60
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.59
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.58
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.58
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.58
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.58
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.57
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.57
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.57
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.57
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.57
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.56
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.55
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.55
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.55
LFAOLifeX 2055 Longevity Income ETF$4.30M0.25%Jan 8, 2024-0.54
LFAILifeX 2050 Longevity Income ETF$4.50M0.25%Jan 8, 2024-0.54
LFAWLifeX 2060 Longevity Income ETF$3.40M0.25%Jan 8, 2024-0.54
IBTPISHARES IBONDS DEC 2034 TERM TREASURY ETF $267M0.07%Jun 11, 2024-0.54
IBGKISHARES IBONDS DEC 2054 TERM TREASURY ETF $3.50M0.07%Jun 11, 2024-0.54
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.53
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.52
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.52
LLDRGLOBAL X LONG-TERM TREASURY LADDER ETF $35M0.12%Sep 9, 2024-0.52
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.52
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.52
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.52
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.52
IBGAISHARES IBONDS DEC 2044 TERM TREASURY ETF $92M0.07%Jun 11, 2024-0.51
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.51
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.51
JUCYAPTUS ENHANCED YIELD ETF $234M0.60%Oct 31, 2022-0.50
MLDRGLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF $9.30M0.12%Sep 9, 2024-0.50
QBProShares Nasdaq100 Dynamic Buffer ETF$1.40M0.58%Jun 24, 2025-0.50
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.50
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.50
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.49
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.49
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.49
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.49
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.49
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.48
EDGF3EDGE DYNAMIC FIXED INCOME ETF $506M0.79%Oct 2, 2024-0.48
SPTBSPDR PORTFOLIO TREASURY ETF $187M0.03%May 20, 2024-0.48
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.48
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.48
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.48
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.46
EDGH3EDGE DYNAMIC HARD ASSETS ETF $128M1.01%Oct 2, 2024-0.46
USINWISDOMTREE 7-10 YEAR LADDERED TREASURY FUND $4.50M0.15%Mar 12, 2024-0.46
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.45
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.45
CAFXCONGRESS INTERMEDIATE BOND ETF $325M0.35%Sep 9, 2024-0.44
BBSBJPMORGAN BETABUILDERS U.S. TREASURY BOND 1-3 YEAR ETF $38M0.04%Apr 19, 2023-0.44
LIAMLifeX 2055 Inflation-Protected Longevity Income ETF$4.30M0.25%Jan 17, 2024-0.44
PMBSPIMCO Mortgage-Backed Securities Active Exchange-Traded Fund$1.30B0.71%Jul 31, 1997-0.44
LIAELifeX 2050 Inflation-Protected Longevity Income ETF$3.40M0.25%Jan 17, 2024-0.43
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.43