32 Stocks and 68 ETFs for diversifying FCAL (FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF)
The least correlated asset to FCAL (FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7932.
Stocks that lowly correlated with FCAL
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.62 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.62 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.61 |
| JEM | 707 Cayman Holdings Ltd | $1.99M | Consumer Cyclical | Apparel Retail | -0.60 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.60 |
| MNTN | MNTN Inc - Class A | $653M | Technology | Software - Application | -0.58 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.55 |
| ETOR | Etoro Group Ltd - Class A | $3.64B | Financial Services | Capital Markets | -0.54 |
| CUPR | Cuprina Holdings (Cayman) Ltd - Class A | $5.42M | Healthcare | Medical Instruments & Supplies | -0.52 |
| SDM | Smart Digital Group Ltd | $59M | Communication Services | Advertising Agencies | -0.51 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.49 |
| FLYE | Fly-E Group Inc | $3M | Consumer Cyclical | Auto Manufacturers | -0.49 |
| CHYM | Chime Financial Inc - Class A | $6.59B | Technology | Software - Application | -0.48 |
| RAY | Raytech Holding Ltd | $9.91M | Consumer Defensive | Household & Personal Products | -0.46 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.46 |
| OMSE | OMS Energy Technologies Inc | $201M | Energy | Oil & Gas Equipment & Services | -0.46 |
| DMAA | Drugs Made In America Acquisition Corp | $244M | Financial Services | Shell Companies | -0.45 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.45 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.45 |
| EQT | EQT Corp | $34B | Energy | Oil & Gas E&p | -0.44 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.43 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.43 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.43 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.42 |
| ZYBT | Zhengye Biotechnology Holding Ltd | $41M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.42 |
| EPWK | EPWK Holdings Ltd - Class A | $9.78K | Technology | Software - Application | -0.41 |
| PCLN | Priceline.com Inc | $906M | N/A | N/A | -0.41 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.40 |
| BDMD | Baird Medical Investment Holdings Ltd . | $44M | Healthcare | Medical Devices | -0.40 |
| MCGAU | Yorkville Acquisition Corp - Units (1 Ord Cls A & 1/3 War) | $52M | Financial Services | Shell Companies | -0.40 |
| STFS | Star Fashion Culture Holdings Ltd - Class A | $903K | Communication Services | Advertising Agencies | -0.38 |
| PN | Skycorp Solar Group Ltd - Series A | $100M | Technology | Solar | -0.38 |