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42 Stocks and 58 ETFs for diversifying Simpson Manufacturing (SSD)

The least correlated asset to Simpson Manufacturing (SSD) is company Everbright Digital (EDHL). The correlation is -0.7548.

Stocks that lowly correlated with SSD

SymbolName
Market cap
SectorIndustry
Correlation
EDHLEverbright Digital Holding Ltd$4.80MCommunication ServicesAdvertising Agencies-0.75
SLDESlide Insurance Holdings Inc$2.20BFinancial ServicesInsurance - Property & Casualty-0.61
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.55
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.54
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.53
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.52
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.51
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.50
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.48
TLXTelix Pharmaceuticals Ltd$3.30BHealthcareBiotechnology-0.48
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.47
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.47
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.46
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.46
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.45
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.45
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.45
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.44
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.44
ADVBAdvanced Biomed Inc$5.36MHealthcareDiagnostics & Research-0.43
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.43
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.42
OTFBlue Owl Technology Finance Corp$4.94BFinancial ServicesAsset Management-0.42
LZMHLZ Technology Holdings Ltd - Class B$9.09MTechnologyInformation Technology Services-0.42
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.41
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.41
LEGT-ULegato Merger Corp III - Units (1 Ord & 1/2 War)$65MN/AN/A-0.41
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.41
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.41
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.40
IPEXRInflection Point Acquisition Corp V$1.42MN/AN/A-0.40
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.40
ALFUUCenturion Acquisition Corp - Units (1 Ord & 1 War)$305MFinancial ServicesShell Companies-0.39
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.38
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.37
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.37
SMTKSmartKem, Inc. Common Stock$5.58MN/AN/A-0.37
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.37
BDMDBaird Medical Investment Holdings Ltd .$44MHealthcareMedical Devices-0.36
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.36
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.36
RFAIRF Acquisition Corp II$116MFinancial ServicesShell Companies-0.36

ETFs that lowly correlated with SSD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.61
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.60
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.60
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.59
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.59
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.57
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.57
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.57
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.57
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.57
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.57
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.57
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.57
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.57
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.57
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.55
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.55
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.55
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.55
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.54
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.54
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.54
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.54
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.53
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.53
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.53
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.53
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.52
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.50
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.50
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.49
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.49
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.48
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.48
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.48
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.47
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.46
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.46
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.45
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.45
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.44
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.44
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.43
COIIREX COIN GROWTH & INCOME ETF $2.80MN/AJun 3, 2025-0.43
PYPGLEVERAGE SHARES 2X LONG PYPL DAILY ETF $27MN/AApr 3, 2025-0.42
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.42
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.40
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.40
CRMGLEVERAGE SHARES 2X LONG CRM DAILY ETF $31MN/AFeb 9, 2026-0.39
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.39
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.39
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.39
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.38
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.38
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.38
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.38
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.38
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.37