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41 Stocks and 59 ETFs for diversifying Innovate (VATE)

The least correlated asset to Innovate (VATE) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -0.7626.

Stocks that lowly correlated with VATE

SymbolName
Market cap
SectorIndustry
Correlation
HYACHaymaker Acquisition Corp. 4$330MFinancial ServicesShell Companies-0.76
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.61
FORLFour Leaf Acquisition Corporation Class A Common Stock$47MN/AN/A-0.61
PMAXPowell Max Ltd - Class A$20MFinancial ServicesCapital Markets-0.54
TBMCTrailblazer Merger Corp I - Class A$29MFinancial ServicesShell Companies-0.53
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.53
UCARU Power Ltd - Class A$4.59MConsumer CyclicalAuto & Truck Dealerships-0.51
MAZEMaze Therapeutics Inc$1.46BHealthcareBiotechnology-0.49
PNSkycorp Solar Group Ltd - Series A$91MTechnologySolar-0.47
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.47
THRDThird Harmonic Bio Inc$242MHealthcareBiotechnology-0.46
HKITHitek Global Inc - Class A$4.63MTechnologyInformation Technology Services-0.43
CHARRCharlton Aria Acquisition Corporation Rights$206KN/AN/A-0.43
HPAIHelport AI Ltd$21MTechnologySoftware - Infrastructure-0.42
FBLGFibroBiologics Inc$3.18MHealthcareBiotechnology-0.40
LPAAULaunch One Acquisition Corp - Units (1 Ord Class A & 1/2 War)$251MFinancial ServicesShell Companies-0.40
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.40
AHRAmerican Healthcare REIT Inc$10BReal EstateReit - Healthcare Facilities-0.39
LNKSLinkers Industries Ltd - Class A$16MIndustrialsElectrical Equipment & Parts-0.38
ANGXAngel Studios Inc - Class A$709MCommunication ServicesEntertainment-0.37
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.37
KRMNKarman Holdings Inc$6.47BIndustrialsAerospace & Defense-0.37
ZBIOZenas Biopharma Inc$1.83BHealthcareBiotechnology-0.36
NOEMCO2 Energy Transition Corp$73MFinancial ServicesShell Companies-0.36
CARLCarlsmed Inc$301MHealthcareHealth Information Services-0.36
LZMHLZ Technology Holdings Ltd - Class B$9.02MTechnologyInformation Technology Services-0.35
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.35
SLXNSilexion Therapeutics Corp$3.11MHealthcareBiotechnology-0.34
LBGJLi Bang International Corp Inc$189KIndustrialsSpecialty Industrial Machinery-0.34
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.34
PLMKPlum Acquisition Corp IV - Class A$197MFinancial ServicesShell Companies-0.34
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.34
MINFT Ltd -Class A$2.92MConsumer CyclicalInternet Retail-0.33
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.33
OFSSOOFS Capital Corp$341MN/AN/A-0.33
YMTYimutian Inc$111MTechnologySoftware - Application-0.33
NOEMRCO2 Energy Transition Corp$416KN/AN/A-0.32
BAYARBayview Acquisition Corp$143KN/AN/A-0.32
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.32
CBUSCibus Global Ltd. Class A$136MHealthcareBiotechnology-0.32
OACCOaktree Acquisition Corp III Life Sciences - Class A$205MFinancial ServicesShell Companies-0.32

ETFs that lowly correlated with VATE

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-0.76
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.58
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.53
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.49
MBSXREGAN FIXED RATE MBS ETF $17M0.40%Apr 30, 2025-0.47
HFMFUNLIMITED HFMF MANAGED FUTURES ETF $22M0.97%Jul 14, 2025-0.45
GLDYDEFIANCE GOLD ENHANCED OPTIONS INCOME ETF $32M1.04%Apr 1, 2025-0.44
DEFRAPTUS DEFERRED INCOME ETF$139M0.79%May 13, 2025-0.44
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.43
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.43
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.43
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.43
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.42
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.41
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.41
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $23MN/AApr 24, 2025-0.40
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.40
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.39
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.39
LCDLGRANITESHARES 2X LONG LCID DAILY ETF N/AN/AApr 21, 2025-0.39
LMTLDirexion Daily LMT Bull 2X ETF$8.40MN/AAug 5, 2025-0.39
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.39
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.39
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.38
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.38
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.37
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.37
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.36
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.35
BFRZInnovator Equity Managed 100 Buffer ETF$137M0.89%May 12, 2025-0.35
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.35
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.35
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.35
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.35
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.35
BOXXALPHA ARCHITECT 1-3 MONTH BOX ETF $13B0.19%Dec 27, 2022-0.35
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.34
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.34
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.34
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.33
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.33
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.33
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.33
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.33
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.33
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.32
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.32
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.32
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.32
SHLDGLOBAL X DEFENSE TECH ETF $6.90B0.50%Sep 11, 2023-0.32
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.32
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.32
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.31
YGLDSimplify Gold Strategy PLUS Income ETF$37M0.53%Dec 2, 2024-0.31
GENTGENTER CAPITAL TAXABLE QUALITY INTERMEDIATE ETF $98M0.38%May 21, 2024-0.31
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.31
YXIProShares Short FTSE China 50 -1x Shares$5M0.95%Mar 16, 2010-0.31
GMMFiShares Government Money Market ETF$178M0.20%Feb 4, 2025-0.31
VGUSVANGUARD ULTRA-SHORT TREASURY ETF ETF SHARES$1B0.07%Feb 10, 2025-0.31