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29 Stocks and 71 ETFs for diversifying TELA Bio (TELA)

The least correlated asset to TELA Bio (TELA) is company LogProstyle (LGPS). The correlation is -0.6534.

Stocks that lowly correlated with TELA

SymbolName
Market cap
SectorIndustry
Correlation
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.65
NAMIJinxin Technology Holding Company$34MCommunication ServicesInternet Content & Information-0.63
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.62
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.53
JBSJBS N.V. - Class A$14BConsumer DefensivePackaged Foods-0.52
SDHISiddhi Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.52
WGRXWellgistics Health Inc$7.55MHealthcarePharmaceutical Retailers-0.51
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.50
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.48
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.45
NTCLNetClass Technology Inc - Class A$8.13MTechnologySoftware - Application-0.45
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.44
KMTSKestra Medical Technologies Ltd$1.23BHealthcareMedical Instruments & Supplies-0.41
GRDNGuardian Pharmacy Services Inc$2.49BHealthcareMedical Care Facilities-0.40
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.40
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.40
AMRZAmrize Ltd$29BBasic MaterialsBuilding Materials-0.40
NEE-P-UNextEra Energy Inc Series U Junior Subordinated Debentures due June 1 2085$53BN/AN/A-0.39
INHDInno Holdings Inc$9.59MBasic MaterialsSteel-0.39
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.39
CNLCollective Mining Ltd.$1.40BBasic MaterialsGold-0.38
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.38
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.37
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.37
FRBNUForbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$316MN/AN/A-0.36
VACHVoyager Acquisition Corp - Class A$279MFinancial ServicesShell Companies-0.36
APRNBlue Apron Holdings Inc - Class A$100MN/AN/A-0.36
CMDBCostamare Bulkers Holdings Ltd$409MIndustrialsMarine Shipping-0.35
SZZLRSizzle Acquisition Corp II$1.07MN/AN/A-0.35

ETFs that lowly correlated with TELA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.64
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.63
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.62
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.60
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.59
PALDDirexion Daily PANW Bear 1X Shares$2.40M1.02%Feb 10, 2025-0.58
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.57
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.56
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.56
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.55
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.53
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.50
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.50
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.50
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.48
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.47
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.47
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.47
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.47
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.46
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.46
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.46
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.46
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.45
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.45
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.45
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.45
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.44
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.44
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.44
FNGDBank of Montreal$68MN/AJan 22, 2018-0.44
RTXGLeverage Shares 2X Long RTX Daily ETF$4MN/AJun 5, 2025-0.44
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.43
TIERT. ROWE PRICE INTERNATIONAL EQUITY RESEARCH ETF $28M0.38%Jun 25, 2025-0.43
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.43
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.43
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.43
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.43
IAUINEOS GOLD HIGH INCOME ETF $427M0.79%Jun 4, 2025-0.42
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.42
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.41
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.41
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.41
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.41
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.41
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.41
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.41
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.40
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.40
USSHWISDOMTREE 1-3 YEAR LADDERED TREASURY FUND $23M0.15%Mar 12, 2024-0.40
AUMITHEMES GOLD MINERS ETF $30M0.35%Dec 12, 2023-0.40
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.40
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.39
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.39
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.39
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.38
VTELVanguard LongTerm TaxExempt Bond ETF$259M0.09%May 20, 2025-0.38
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.38
GGLSDIREXION DAILY GOOGL BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.38
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.37
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.37
SPTBSPDR PORTFOLIO TREASURY ETF $187M0.03%May 20, 2024-0.37
IBTPISHARES IBONDS DEC 2034 TERM TREASURY ETF $267M0.07%Jun 11, 2024-0.37
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.37
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.37
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.36
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.36
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.36
SHNYMicroSectors Gold 3X Leveraged ETN$129MN/AFeb 21, 2023-0.35
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.35