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36 Stocks and 64 ETFs for diversifying West Fraser Timber (WFG)

The least correlated asset to West Fraser Timber (WFG) is company Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) (PLMKU). The correlation is -0.7366.

Stocks that lowly correlated with WFG

SymbolName
Market cap
SectorIndustry
Correlation
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.74
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.64
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$183MFinancial ServicesShell Companies-0.55
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.54
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.54
EDHLEverbright Digital Holding Ltd$4.80MCommunication ServicesAdvertising Agencies-0.50
BACQUMerlin Inc - Units (1Ord Class A & 1 Rights)$781MFinancial ServicesShell Companies-0.49
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.49
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.48
FERAFifth Era Acquisition Corp I - Class A$245MFinancial ServicesShell Companies-0.47
SIMAUSIM Acquisition Corp I$251MFinancial ServicesShell Companies-0.47
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.45
PVLAPalvella Therapeutics Inc$1.66BHealthcareBiotechnology-0.44
FBYDFalcon`s Beyond Global Inc - Class A$725MIndustrialsConglomerates-0.42
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.42
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.41
SVCCUStellar V Capital Corp - Units (1 Ord Cls A & 1/2 War)$165MFinancial ServicesShell Companies-0.41
DYCQUDT Cloud Acquisition Corp - Units (1 Ord & 1 Right)$26MFinancial ServicesShell Companies-0.41
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.40
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.40
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.40
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.40
GRAFGraf Global Corp - Class A$311MFinancial ServicesShell Companies-0.39
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.39
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.39
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.39
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.38
NOEMUCO2 Energy Transition Corp - Units (1 Ord1 War & 1 Rts)$77MFinancial ServicesShell Companies-0.38
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.37
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.37
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.37
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.36
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.36
WYHGWing Yip Food Holdings Group Ltd$43MConsumer DefensivePackaged Foods-0.36
COLARColumbus Acquisition Corp Rights$1.07MN/AN/A-0.36
RDACRising Dragon Acquisition Corp$39MFinancial ServicesShell Companies-0.36

ETFs that lowly correlated with WFG

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.67
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.64
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.63
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.62
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.62
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.62
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.61
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.61
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.61
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.60
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.60
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.59
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.59
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.59
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.59
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.59
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.58
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.58
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.57
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.57
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.56
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.56
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.55
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.54
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.54
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.52
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.52
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.52
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.51
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.51
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.51
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.50
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.47
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.47
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.47
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.46
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.46
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.46
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.45
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.45
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.45
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.44
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.43
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.43
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.43
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.42
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.40
OILDBank of Montreal$19MN/ANov 8, 2021-0.40
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.40
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.39
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.39
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.39
ELILDirexion Daily LLY Bull 2X Shares$18MN/AMar 25, 2025-0.38
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.38
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.38
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.37
SOFRAmplify Samsung SOFR ETF$423M0.20%Nov 14, 2023-0.37
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.37
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.37
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.37
CRWLGRANITESHARES 2X LONG CRWD DAILY ETF $41MN/ANov 11, 2024-0.36
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.36