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 company Accelerant (ARX). The correlation is -0.8319.
Stocks that lowly correlated with FCAL
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.83 |
| ETS | Elite Express Holding Inc - Class A | $13M | Industrials | Trucking | -0.60 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.59 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.57 |
| BLSH | Bullish | $3.80B | Technology | Software - Infrastructure | -0.56 |
| ETOR | Etoro Group Ltd - Class A | $3.63B | Financial Services | Capital Markets | -0.53 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.52 |
| CURX | Curanex Pharmaceuticals Inc | $6.11M | Healthcare | Biotechnology | -0.51 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.51 |
| SDM | Smart Digital Group Ltd | $59M | Communication Services | Advertising Agencies | -0.50 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $18M | Financial Services | Shell Companies | -0.50 |
| FIG | Figma Inc - Class A | $12B | Technology | Software - Application | -0.50 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.49 |
| CHYM | Chime Financial Inc - Class A | $8.43B | Technology | Software - Application | -0.48 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.47 |
| MNTN | MNTN Inc - Class A | $751M | Technology | Software - Application | -0.47 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.47 |
| DMAA | Drugs Made In America Acquisition Corp | $246M | Financial Services | Shell Companies | -0.46 |
| RAY | Raytech Holding Ltd | $8.20M | Consumer Defensive | Household & Personal Products | -0.46 |
| NYAX | Nayax Ltd | $2.63B | Technology | Software - Infrastructure | -0.46 |
| EMPD | Empery Digital Inc | $98M | Consumer Cyclical | Auto Manufacturers | -0.46 |
| FLYE | Fly-E Group Inc | $3.31M | Consumer Cyclical | Auto Manufacturers | -0.46 |
| EQT | EQT Corp | $31B | Energy | Oil & Gas E&p | -0.44 |
| ZYBT | Zhengye Biotechnology Holding Ltd | $35M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.43 |
| HNGE | Hinge Health Inc - Class A | $6.74B | Healthcare | Health Information Services | -0.43 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.43 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.43 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.42 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.42 |
| BDMD | Baird Medical Investment Holdings Ltd . | $34M | Healthcare | Medical Devices | -0.41 |
| YSXT | Ysx Tech Co.Ltd - Class A | $20M | Industrials | Specialty Business Services | -0.41 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.40 |