30 Stocks and 70 ETFs for diversifying FBT (FIRST TRUST NYSE ARCA BIOTECHNOLOGY INDEX FUND)
The least correlated asset to FBT (FIRST TRUST NYSE ARCA BIOTECHNOLOGY INDEX FUND) is ETF BIS (ProShares UltraShort Nasdaq Biotechnology -2x Shares). The correlation is -0.8959.
Stocks that lowly correlated with FBT
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.67 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.65 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.62 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.55 |
| EPWK | EPWK Holdings Ltd - Class A | $9.78K | Technology | Software - Application | -0.54 |
| RAY | Raytech Holding Ltd | $9.91M | Consumer Defensive | Household & Personal Products | -0.53 |
| FMFC | Kandal M Venture Ltd - Class A | $6.81M | Consumer Cyclical | Footwear & Accessories | -0.53 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.50 |
| KG | KING PHARMACEUTICALS INC | $85M | Financial Services | Insurance - Reinsurance | -0.49 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.48 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.47 |
| HSPTR | Horizon Space Acquisition II Corp Right | $763K | N/A | N/A | -0.47 |
| MCTR | CTRL Group Ltd | $15M | Communication Services | Advertising Agencies | -0.46 |
| TGE | Generation Essentials Group - Class A | $370M | Financial Services | Asset Management | -0.43 |
| VNTG | Vantage Corp - Class A | $19M | Industrials | Marine Shipping | -0.43 |
| PRMB | Primo Brands Corp - Class A | $8.97B | Consumer Defensive | Beverages - Non-alcoholic | -0.43 |
| SAFX | XCF Global Inc | $126M | Utilities | Utilities - Renewable | -0.43 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.42 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.42 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.42 |
| NCI | Neo Concept International Group Holdings Ltd | $22M | Consumer Cyclical | Apparel Manufacturing | -0.41 |
| MCGAU | Yorkville Acquisition Corp - Units (1 Ord Cls A & 1/3 War) | $52M | Financial Services | Shell Companies | -0.41 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.40 |
| BIAF | BioAffinity Technologies Inc | $7.42M | Healthcare | Diagnostics & Research | -0.40 |
| BMGL | Basel Medical Group Ltd | $11M | Healthcare | Medical Care Facilities | -0.39 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.39 |
| ANNA | AleAnna Inc - Class A | $122M | Energy | Oil & Gas E&p | -0.37 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.37 |
| DFDV | DeFi Development Corp | $127M | Financial Services | Asset Management | -0.36 |
| ZYBT | Zhengye Biotechnology Holding Ltd | $41M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.36 |