24 Stocks and 76 ETFs for diversifying Steel Dynamics (STLD)
The least correlated asset to Steel Dynamics (STLD) is ETF CSCS (Direxion Daily CSCO Bear 1X ETF). The correlation is -0.7595.
Stocks that lowly correlated with STLD
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| NIQ | NIQ Global Intelligence plc | $3.24B | N/A | N/A | -0.59 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.56 |
| GIBO | GIBO Holdings Ltd | $106M | Communication Services | Internet Content & Information | -0.50 |
| FVNNR | Future Vision II Acquisition Corporation Right | $341K | N/A | N/A | -0.48 |
| RAAQ | Real Asset Acquisition Corp - Class A | $231M | Financial Services | Shell Companies | -0.48 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.47 |
| AII | American Integrity Insurance Group Inc | $358M | Financial Services | Insurance - Property & Casualty | -0.46 |
| GLIBK | GCI Liberty Inc | $877M | Communication Services | Telecom Services | -0.45 |
| LHAI | Linkhome Holdings Inc | $19M | Real Estate | Real Estate Services | -0.45 |
| ACFN | N/A | $45M | Technology | Scientific & Technical Instruments | -0.44 |
| WAY | Waystar Holding Corp | $4.35B | Healthcare | Health Information Services | -0.44 |
| ETS | Elite Express Holding Inc - Class A | $13M | Industrials | Trucking | -0.43 |
| CJMB | Callan Jmb Inc | $4.21M | Industrials | Integrated Freight & Logistics | -0.43 |
| MNTN | MNTN Inc - Class A | $751M | Technology | Software - Application | -0.43 |
| QETAR | Quetta Acquisition Corp | $1.43M | N/A | N/A | -0.41 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.41 |
| IPXXU | USA Rare Earth Inc - Units (1 Ord Class A & 1/2 Warr) | $66M | N/A | N/A | -0.41 |
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.41 |
| FLAC | Frazier Lifesciences Acquisition Corp - Class A | $175M | N/A | N/A | -0.40 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.40 |
| SLXN | Silexion Therapeutics Corp | $3.11M | Healthcare | Biotechnology | -0.40 |
| RETO | ReTo Eco-Solutions Inc - Class A | $6.39M | Basic Materials | Building Materials | -0.40 |
| UBXG | U-BX Technology Ltd | $6.42M | Communication Services | Advertising Agencies | -0.39 |
| AAPG | Ascentage Pharma Group International | $1.87B | Healthcare | Biotechnology | -0.38 |