Skip to main content

Want a detailed portfolio tracker?

38 Stocks and 62 ETFs for diversifying Transalta (TAC)

The least correlated asset to Transalta (TAC) is company Lionsgate Studios Corp - New (LION). The correlation is -0.7443.

Stocks that lowly correlated with TAC

SymbolName
Market cap
SectorIndustry
Correlation
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.74
DLXYDelixy Holdings Ltd$7.64MEnergyOil & Gas Refining & Marketing-0.68
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.66
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.60
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.60
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.57
GIWGigInternational1 Inc$138MFinancial ServicesShell Companies-0.57
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.57
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.54
PCLNPriceline.com Inc$906MN/AN/A-0.54
WGRXWellgistics Health Inc$6.79MHealthcarePharmaceutical Retailers-0.53
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.51
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.50
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.49
TVAIThayer Ventures Acquisition Corporation II$208MFinancial ServicesShell Companies-0.48
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.45
MSGYMasonglory Ltd$5.30MIndustrialsEngineering & Construction-0.45
HERZHerzfeld Credit Income Fund Inc Com$230MFinancial ServicesAsset Management-0.44
SIShoulder Innovations Inc$452MN/AN/A-0.43
LSBKLake Shore Bancorp Inc$134MFinancial ServicesBanks - Regional-0.43
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.43
FEBOFenbo Holdings Ltd$9.09MTechnologyConsumer Electronics-0.42
NIQNIQ Global Intelligence plc$3.24BN/AN/A-0.42
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.42
UCFICN Healthy Food Tech Group Corp$288MConsumer DefensivePackaged Foods-0.41
IROHIron Horse Acquisitions Corp$263MFinancial ServicesShell Companies-0.41
ZYBTZhengye Biotechnology Holding Ltd$35MHealthcareDrug Manufacturers - Specialty & Generic-0.41
HCAIHuachen AI Parking Management Technology Holding Co. Ltd$10MIndustrialsFarm & Heavy Construction Machinery-0.40
FRBNUForbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$316MN/AN/A-0.40
WYTCWytec International Inc$14MCommunications EquipmentInformation Technology-0.39
GBRGSunCar Technology Group Inc$11MN/AN/A-0.38
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.38
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.38
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.38
KSPIKaspi.kz JSC$17BTechnologySoftware - Infrastructure-0.37
BKHARBlack Hawk Acquisition Corp$2.38MN/AN/A-0.37
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.37
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.35

ETFs that lowly correlated with TAC

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
GLDWROUNDHILL GOLD WEEKLYPAY ETF $17MN/AOct 29, 2025-0.57
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.56
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.54
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.53
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.49
DKNXDEFIANCE DAILY TARGET 2X LONG DKNG ETF $5.40MN/AJul 30, 2025-0.49
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $39MN/AAug 21, 2023-0.49
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.48
TSLZT-REX 2X INVERSE TESLA DAILY TARGET ETF $31MN/AOct 18, 2023-0.48
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.48
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.47
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.47
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.47
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.47
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.47
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.47
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.46
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.46
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.46
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.46
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.45
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.45
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.45
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.44
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.44
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.44
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.43
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.43
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.43
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.43
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.43
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.43
RBPROSHARES RUSSELL 2000 DYNAMIC DAILY BUFFER ETF $1.20M0.58%Jun 24, 2025-0.42
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.42
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.41
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.41
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.41
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.41
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.41
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.40
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.40
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.39
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.39
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.39
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.39
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.39
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.39
TAXSNORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF $118M0.05%Aug 18, 2025-0.39
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.38
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.38
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.38
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.38
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.38
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.38
RVNLGRANITESHARES 2X LONG RIVN DAILY ETF $15MN/AApr 21, 2025-0.37
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.37
MUNANORTHERN TRUST 2030 TAX-EXEMPT DISTRIBUTING LADDER ETF $9M0.18%Aug 18, 2025-0.36
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.36
MEMEROUNDHILL MEME STOCK ETF $24M0.69%Oct 7, 2025-0.36
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.36
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.35