Overview Holdings Performance Dividends Similar Etfs Correlations

25 Stocks and 75 ETFs for diversifying FDL (FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND)

The least correlated asset to FDL (FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND) is ETF DWSH (ADVISORSHARES DORSEY WRIGHT SHORT ETF). The correlation is -0.7977.

Stocks that lowly correlated with FDL

Symbol	Name	Market cap	Sector	Industry	Correlation
TWNP	Twin Hospitality Group Inc. Class A Common Stock	$4.08M	Consumer Cyclical	Restaurants	-0.69
HCHL	Happy City Holdings Ltd - Class A	$59M	Consumer Cyclical	Restaurants	-0.68
OMDA	Omada Health Inc	$1.41B	Healthcare	Health Information Services	-0.62
LHAI	Linkhome Holdings Inc	$19M	Real Estate	Real Estate Services	-0.57
CTW	CTW Cayman - Class A	$147M	Communication Services	Electronic Gaming & Multimedia	-0.57
ELOG	Eastern International Ltd	$9.59M	Industrials	Integrated Freight & Logistics	-0.55
FIGXU	FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)	$35M	Financial Services	Shell Companies	-0.55
PROP	Prairie Operating Co. Common Stock	$60M	Energy	Oil & Gas E&p	-0.55
NMPAU	NMP Acquisition Corp - Units (1 Ord Cls A & 1 Rts)	$35M	Financial Services	Shell Companies	-0.54
SSEAU	Starry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)	$19M	Financial Services	Shell Companies	-0.54
VCKAU	Scilex Holding Company - Units (1 Ord & 1/2 War)	$37M	N/A	N/A	-0.51
THH	TryHard Holdings Ltd	$12M	Industrials	Specialty Business Services	-0.51
MCACU	ConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)	$70M	Financial Services	Shell Companies	-0.51
HTFL	Heartflow Inc	$2.35B	Healthcare	Health Information Services	-0.50
AACT	Ares Acquisition Corporation II - Class A	$588M	Financial Services	Shell Companies	-0.49
RAL	RALSTON PURINA CO	$7.56B	Technology	Electronic Components	-0.49
TTAN	ServiceTitan Inc - Class A	$7.44B	Technology	Software - Application	-0.49
PLMKU	Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)	$213M	Financial Services	Shell Companies	-0.49
QUMSU	Quantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$33M	Financial Services	Shell Companies	-0.46
OTF	Blue Owl Technology Finance Corp	$4.79B	Financial Services	Asset Management	-0.46
STRZ	Starz Entertainment Corp	$468M	Communication Services	Entertainment	-0.46
JMACU	Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)	$150M	N/A	N/A	-0.46
VCXA	10X Capital Venture Acquisition Corp II - Class A	$86M	N/A	N/A	-0.46
DBTX	Decibel Therapeutics Inc	$123M	N/A	N/A	-0.46
YSXT	Ysx Tech Co.Ltd - Class A	$20M	Industrials	Specialty Business Services	-0.44

ETFs that lowly correlated with FDL

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.80
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.79
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.79
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.79
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.79
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.79
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.79
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.78
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.77
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.77
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.77
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.77
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.76
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.76
DUG	ProShares UltraShort Energy	$27M	N/A	Jan 30, 2007	-0.75
MSFW	ROUNDHILL MSFT WEEKLYPAY ETF	$27M	N/A	Jul 23, 2025	-0.75
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.74
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.72
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.72
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.72
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.71
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.71
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.71
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.71
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.69
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.69
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.69
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.68
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.68
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	$131M	N/A	May 28, 2015	-0.68
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.67
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.67
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.66
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$49M	N/A	Nov 6, 2008	-0.66
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.65
BASG	BROWN ADVISORY SUSTAINABLE GROWTH ETF	$494M	0.61%	Jun 13, 2025	-0.65
OILD	Bank of Montreal	$53M	N/A	Nov 8, 2021	-0.64
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.64
NOWL	GRANITESHARES 2X LONG NOW DAILY ETF	$286M	N/A	Jul 14, 2025	-0.63
SHPU	DIREXION DAILY SHOP BULL 2X ETF	$15M	N/A	Aug 5, 2025	-0.63
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.63
HOOW	ROUNDHILL HOOD WEEKLYPAY ETF	$146M	N/A	Jun 17, 2025	-0.62
UNHG	LEVERAGE SHARES 2X LONG UNH DAILY ETF	$121M	N/A	Jul 21, 2025	-0.61
COYY	GRANITESHARES YIELDBOOST COIN ETF	$21M	1.07%	Jul 28, 2025	-0.61
HOOY	YIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF	$133M	0.99%	May 7, 2025	-0.61
WTID	Bank of Montreal	$18M	N/A	Feb 16, 2023	-0.60
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$895M	N/A	Nov 24, 2008	-0.59
CBTY	Calamos Bitcoin 80 Series Structured Alt Protection ETF July	$11M	0.69%	Jul 7, 2025	-0.59
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.59
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.58
CBXY	Calamos Bitcoin 90 Series Structured Alt Protection ETF July	$5.50M	0.69%	Jul 7, 2025	-0.56
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.56
BFJL	FT VEST BITCOIN STRATEGY FLOOR15 ETF - JULY	$3.30M	0.90%	Jun 27, 2025	-0.56
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.55
CBOY	Calamos Bitcoin Structured Alt Protection ETF July	$4.90M	0.69%	Jul 7, 2025	-0.55
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.53
RXD	ProShares UltraShort Health Care -2x Shares	$3.20M	N/A	Jan 30, 2007	-0.52
SDP	ProShares UltraShort Utilities -2x Shares	$3.90M	N/A	Jan 30, 2007	-0.51
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3.20M	N/A	Jun 16, 2009	-0.51
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.50
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.50
BAIG	LEVERAGE SHARES 2X LONG BBAI DAILY ETF	$14M	N/A	Aug 20, 2025	-0.49
CLCG	Crossmark Large Cap Growth ETF	$29M	0.50%	Jul 22, 2025	-0.49
IVES	Wedbush ETFMG Global Cloud Technology ETF	$1.10B	0.75%	Jun 3, 2025	-0.49
GXPT	GLOBAL X PURECAP MSCI INFORMATION TECHNOLOGY ETF	$121M	0.15%	Jul 22, 2025	-0.48
DVXK	WEBs Defined Volatility XLK ETF	$8M	0.89%	Jul 22, 2025	-0.48
AMDW	ROUNDHILL AMD WEEKLYPAY ETF	$122M	N/A	Jul 23, 2025	-0.47
GLXU	T-REX 2X LONG GLXY DAILY TARGET ETF	$18M	N/A	Aug 7, 2025	-0.46
QPUX	Defiance 2X Daily Long Pure Quantum ETF	$53M	N/A	Aug 6, 2025	-0.46
BCCC	GLOBAL X BITCOIN COVERED CALL ETF	$8.20M	0.75%	Jun 3, 2025	-0.46
GLGG	LEVERAGE SHARES 2X LONG GLXY DAILY ETF	$2.80M	N/A	Aug 20, 2025	-0.46
TRUT	VANECK TECHNOLOGY TRUSECTOR ETF	$163M	0.14%	Aug 20, 2025	-0.45
QGRD	HORIZON NASDAQ-100 DEFINED RISK ETF	$106M	0.85%	Jul 9, 2025	-0.45
SSK	REX-OSPREY(TM) SOL + STAKING ETF	$68M	0.75%	Jul 1, 2025	-0.45
UXRP	ProShares Ultra XRP ETF	$27M	N/A	Jul 14, 2025	-0.44