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OverviewHoldingsPerformanceDividendsSimilar EtfsCorrelations
High CorrelationLow Correlation

32 Stocks and 68 ETFs for diversifying FAB (FIRST TRUST MULTI CAP VALUE ALPHADEX FUND)

The least correlated asset to FAB (FIRST TRUST MULTI CAP VALUE ALPHADEX FUND) is ETF SBB (ProShares Short SmallCap600 -1x Shares). The correlation is -0.9321.

Stocks that lowly correlated with FAB

SymbolName
Market cap
SectorIndustry
Correlation
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.68
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.58
OFSSOOFS Capital Corp$341MN/AN/A-0.58
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.57
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.57
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.56
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.54
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.53
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.52
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.50
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.50
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.49
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.49
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.49
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.48
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.46
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.46
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.45
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.45
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.44
DGNXDiginex Ltd$28MIndustrialsConsulting Services-0.44
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.44
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.43
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.43
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.43
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.42
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.42
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.42
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.42
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.42
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.41
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.41

ETFs that lowly correlated with FAB

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.93
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.93
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.93
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.92
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.92
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.90
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.89
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.88
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.88
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.88
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.88
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.87
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.86
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.86
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.85
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.85
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.85
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.82
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.80
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.80
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.79
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.79
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.78
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.78
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.78
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.77
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.74
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.73
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.72
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.71
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.71
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.71
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.70
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.70
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.69
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.68
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.68
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.68
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.67
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.67
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.66
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.64
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.64
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.63
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.63
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.63
OILDBank of Montreal$53MN/ANov 8, 2021-0.61
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.60
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.58
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.58
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.58
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.57
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.56
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.53
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.52
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.52
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.51
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.49
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.48
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.47
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.46
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.45
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.43
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.42
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.42
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.41
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.41
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.41