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46 Stocks and 54 ETFs for diversifying Watsco (WSO)

The least correlated asset to Watsco (WSO) is ETF PLTG (LEVERAGE SHARES 2X LONG PLTR DAILY ETF). The correlation is -0.6369.

Stocks that lowly correlated with WSO

SymbolName
Market cap
SectorIndustry
Correlation
BBNXBeta Bionics Inc$518MHealthcareMedical Devices-0.58
GSRTUGSR III Acquisition Corp - Units (1 Ord Class A & 1/7 Rts)$467MN/AN/A-0.57
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.56
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$183MFinancial ServicesShell Companies-0.52
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.51
DXFN/A$2.89MFinancial ServicesCredit Services-0.48
OSTXOS Therapies Inc$74MHealthcareBiotechnology-0.48
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.48
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.45
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.44
MENSJyong Biotech Ltd$164MHealthcareBiotechnology-0.43
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.43
YHNAYHN Acquisition I Ltd$63MFinancial ServicesShell Companies-0.42
SVIIRSpring Valley Acquisition Corp II$1.69MN/AN/A-0.42
BACQRMerlin Inc$52MN/AN/A-0.41
WFFWF Holding Ltd$10MIndustrialsSpecialty Industrial Machinery-0.41
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.40
SAILSailpoint Inc$8.77BTechnologySoftware - Infrastructure-0.40
BACQUMerlin Inc - Units (1Ord Class A & 1 Rights)$781MFinancial ServicesShell Companies-0.40
EDHLEverbright Digital Holding Ltd$4.80MCommunication ServicesAdvertising Agencies-0.40
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.39
GRAFGraf Global Corp - Class A$311MFinancial ServicesShell Companies-0.39
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.39
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.39
RHLDResolute Holdings Management Inc$948MIndustrialsSpecialty Business Services-0.38
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.38
IPXXUUSA Rare Earth Inc - Units (1 Ord Class A & 1/2 Warr)$66MN/AN/A-0.37
HNGEHinge Health Inc - Class A$4.21BHealthcareHealth Information Services-0.37
VZLAVizsla Silver Corp$1.25BBasic MaterialsOther Industrial Metals & Mining-0.37
HONDUHCM II Acquisition Corp Unit$483MFinancial ServicesShell Companies-0.36
DXSTDecent Holding Inc$1.65MIndustrialsWaste Management-0.36
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.36
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.35
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.35
AGHAureus Greenway Holdings Inc$87MConsumer CyclicalLeisure-0.35
HVIIRHennessy Capital Investment Corp VII Rights$482KN/AN/A-0.33
IPSTIP Strategy Holdings Inc$2.05MFinancial ServicesCapital Markets-0.33
CASKHeritage Distilling Holding Co. Inc$6.60MConsumer DefensiveBeverages - Wineries & Distilleries-0.33
DYCQUDT Cloud Acquisition Corp - Units (1 Ord & 1 Right)$26MFinancial ServicesShell Companies-0.33
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.33
GENVRGen Digital Inc$1.02BN/AN/A-0.33
RAINRain Enhancement Technologies Holdco, Inc. Class A Common Stock$19MIndustrialsPollution & Treatment Controls-0.33
GEGGreat Elm Group Inc$66MFinancial ServicesAsset Management-0.33
VCICUVine Hill Capital Investment Corp - Units (1 Ord Class A & 1/2 War)$75MFinancial ServicesShell Companies-0.33
LSHLakeside Holding Ltd$20MIndustrialsIntegrated Freight & Logistics-0.32
RDZNRoadzen Inc$149MTechnologySoftware - Application-0.32

ETFs that lowly correlated with WSO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $26MN/AApr 24, 2025-0.64
APPXTRADR 2X LONG APP DAILY ETF$140MN/AApr 24, 2025-0.58
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.50
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.49
TSLIGRANITESHARES 1X SHORT TSLA DAILY ETF $4MN/ASep 8, 2025-0.48
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.48
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.48
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.48
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.47
TSIIREX TSLA GROWTH & INCOME ETF $41MN/AJun 3, 2025-0.46
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.46
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.46
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.46
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.45
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.45
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.45
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.45
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.44
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.43
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.43
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.43
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.42
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.42
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.42
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.42
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.42
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.41
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.40
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.40
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.40
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.39
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.39
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.39
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.38
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.38
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.38
CRMGLEVERAGE SHARES 2X LONG CRM DAILY ETF $31MN/AFeb 9, 2026-0.38
ADBGLEVERAGE SHARES 2X LONG ADBE DAILY ETF $39MN/AMar 20, 2025-0.37
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.37
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.37
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.36
TSYYGRANITESHARES YIELDBOOST TSLA ETF $126M1.15%Dec 17, 2024-0.35
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.34
PLTUT-REX 2X LONG PLTR DAILY TARGET ETF$487MN/ADec 10, 2024-0.34
SNOYYIELDMAX(R) SNOW OPTION INCOME STRATEGY ETF $17M1.00%Jun 10, 2024-0.34
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.33
TSLGLEVERAGE SHARES 2X LONG TSLA DAILY ETF $38MN/ADec 12, 2024-0.33
TIPDDirexion Daily TIPS Bear 2X Shares$4M0.10%Aug 18, 2025-0.33
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.33
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.33
BFRZInnovator Equity Managed 100 Buffer ETF$124M0.89%May 12, 2025-0.33
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.32
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.32
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.32