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OverviewHoldingsPerformanceDividendsSimilar EtfsCorrelations
High CorrelationLow Correlation

31 Stocks and 69 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 MYY (PROSHARES SHORT MIDCAP400). The correlation is -0.9318.

Stocks that lowly correlated with FAB

SymbolName
Market cap
SectorIndustry
Correlation
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.60
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.55
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.52
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.51
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.51
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.51
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.50
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.50
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.47
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.47
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.44
DGNXDiginex Ltd$31MIndustrialsConsulting Services-0.44
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.44
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.43
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.43
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.43
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.43
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.43
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.43
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.42
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.42
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.42
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.42
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.41
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.41
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.40
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.40
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.40
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.39
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.39
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.39

ETFs that lowly correlated with FAB

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.93
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.93
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.93
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.92
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.92
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.90
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.89
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.88
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.88
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.88
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.88
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$1.40MN/AFeb 20, 2025-0.86
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.85
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.85
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.85
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.82
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.80
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.80
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.80
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.79
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.79
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.79
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.78
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.77
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.74
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.73
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.72
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.72
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.72
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.70
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.70
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.70
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.70
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.68
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.68
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.67
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.66
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.65
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.64
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.64
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.63
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.62
OILDBank of Montreal$19MN/ANov 8, 2021-0.62
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.59
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.59
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.58
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.58
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.58
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.57
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.56
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.55
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.52
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.51
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.50
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.48
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.46
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.46
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.46
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.45
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.44
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.44
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.43
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.43
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.43
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.40
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.40