Overview Holdings Performance Dividends Similar Etfs Correlations

32 Stocks and 68 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 -0.7999.

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	-0.69
OMDA	Omada Health Inc	$975M	Healthcare	Health Information Services	-0.63
PROP	Prairie Operating Co. Common Stock	$81M	Energy	Oil & Gas E&p	-0.55
FIGXU	FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)	$35M	Financial Services	Shell Companies	-0.51
VCKAU	Scilex Holding Company - Units (1 Ord & 1/2 War)	$37M	N/A	N/A	-0.51
APUS	Apimeds Pharmaceuticals US Inc	$1.82M	Healthcare	Drug Manufacturers - Specialty & Generic	-0.51
MCACU	ConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)	$70M	Financial Services	Shell Companies	-0.51
TTAN	ServiceTitan Inc - Class A	$5.85B	Technology	Software - Application	-0.49
AACT	Ares Acquisition Corporation II - Class A	$588M	Financial Services	Shell Companies	-0.49
CDTG	CDT Environmental Technology Investment Holdings Ltd	$3.77M	Industrials	Waste Management	-0.49
PLMKU	Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)	$54M	Financial Services	Shell Companies	-0.48
AII	American Integrity Insurance Group Inc	$328M	Financial Services	Insurance - Property & Casualty	-0.47
RDAC	Rising Dragon Acquisition Corp	$39M	Financial Services	Shell Companies	-0.47
RAL	Ralliant Corporation	$6.99B	N/A	N/A	-0.47
HONDW	HCM II Acquisition Corp. Warrant	$202M	N/A	N/A	-0.47
OTF	Blue Owl Technology Finance Corp	$4.94B	Financial Services	Asset Management	-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
DAIC	CID HoldCo Inc	$5.39M	Technology	Information Technology Services	-0.46
GLXY	Galaxy Digital	$5.92B	Financial Services	Capital Markets	-0.44
YSXT	Ysx Tech Co.Ltd - Class A	$24M	Industrials	Specialty Business Services	-0.44
DFDV	DeFi Development Corp	$127M	Financial Services	Asset Management	-0.44
STRZ	Starz Entertainment Corp	$380M	Communication Services	Entertainment	-0.43
WETO	Webus International Ltd	$11M	Technology	Software - Infrastructure	-0.43
LHSW	Lianhe Sowell International Group Ltd	$9.40M	Technology	Software - Infrastructure	-0.43
GAUZ	Gauzy Ltd	$12M	Technology	Electronic Components	-0.42
NTWOU	Newbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)	$183M	Financial Services	Shell Companies	-0.42
BGM	Qilian International Holding Group Ltd - Class A	$7.45M	Healthcare	Drug Manufacturers - Specialty & Generic	-0.42
FLAC	Frazier Lifesciences Acquisition Corp - Class A	$175M	N/A	N/A	-0.42
QETAR	Quetta Acquisition Corp	$1.33M	N/A	N/A	-0.42

ETFs that lowly correlated with FDL

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$9M	6.22%	Jul 10, 2018	-0.80
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.80
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.79
SMN	ProShares UltraShort Materials	$3.10M	N/A	Jan 30, 2007	-0.79
SIJ	ProShares UltraShort Industrials -2x Shares	$6.20M	N/A	Jan 30, 2007	-0.79
DXD	PROSHARES ULTRASHORT DOW30	$51M	N/A	Jul 11, 2006	-0.79
SEF	ProShares Short Financials -1x Shares	$18M	0.95%	Jun 10, 2008	-0.79
MZZ	PROSHARES ULTRASHORT MIDCAP400	$734K	N/A	Jul 11, 2006	-0.78
SKF	ProShares UltraShort Financials -2x Shares	$16M	N/A	May 23, 2007	-0.77
SBB	ProShares Short SmallCap600 -1x Shares	$4.10M	0.95%	Jan 23, 2007	-0.77
EFZ	ProShares Short MSCI EAFE -1X Shares	$16M	0.95%	Oct 23, 2007	-0.77
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$932K	N/A	Oct 23, 2007	-0.77
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.60M	N/A	Jan 23, 2007	-0.76
EPV	ProShares UltraShort FTSE Europe -2X Shares	$14M	N/A	Jun 16, 2009	-0.76
DUG	ProShares UltraShort Energy	$18M	N/A	Jan 30, 2007	-0.75
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$180M	N/A	Feb 9, 2010	-0.74
SJB	PROSHARES SHORT HIGH YIELD	$103M	0.95%	Mar 21, 2011	-0.73
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$19M	N/A	Nov 7, 2019	-0.73
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$2.90M	0.65%	Nov 14, 2017	-0.72
BNKD	Bank of Montreal	$1.40M	N/A	Feb 20, 2025	-0.72
REK	PROSHARES SHORT REAL ESTATE	$12M	0.95%	Mar 16, 2010	-0.72
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.71
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.71
SRS	ProShares UltraShort Real Estate -2x Shares	$17M	N/A	Jan 30, 2007	-0.69
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$220M	0.48%	Jun 8, 2016	-0.69
SH	ProShares Short S&P500 -1x Shares	$1.20B	0.89%	Jun 19, 2006	-0.69
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$37M	0.89%	Jan 17, 2018	-0.69
SDS	ProShares UltraShort S&P500 -2x Shares	$443M	N/A	Jul 11, 2006	-0.68
DRIP	DIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES	$117M	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	$56M	0.92%	Jan 3, 2011	-0.66
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.66
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$40M	N/A	Nov 6, 2008	-0.66
OILD	Bank of Montreal	$19M	N/A	Nov 8, 2021	-0.64
TAIL	CAMBRIA TAIL RISK ETF	$157M	0.59%	Apr 5, 2017	-0.64
EWV	ProShares UltraShort MSCI Japan -2x Shares	$7.20M	N/A	Nov 6, 2007	-0.63
HOOW	ROUNDHILL HOOD WEEKLYPAY ETF	$113M	N/A	Jun 17, 2025	-0.61
WTID	Bank of Montreal	$6.60M	N/A	Feb 16, 2023	-0.60
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$8.80M	0.95%	Oct 30, 2007	-0.59
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$6.10M	N/A	Oct 30, 2007	-0.59
HOOY	YIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF	$102M	0.99%	May 7, 2025	-0.58
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$1.10B	N/A	Nov 24, 2008	-0.58
AMZW	ROUNDHILL AMZN WEEKLYPAY ETF	$41M	N/A	Jun 17, 2025	-0.57
SPXU	ProShares UltraPro Short S&P 500	$562M	N/A	Jun 23, 2009	-0.56
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.55
SRTY	ProShares UltraPro Short Russell2000 -3x Shares	$81M	N/A	Feb 9, 2010	-0.55
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$37M	N/A	Dec 17, 2008	-0.54
RXD	ProShares UltraShort Health Care -2x Shares	$4.90M	N/A	Jan 30, 2007	-0.53
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$9.60M	N/A	Jan 3, 2024	-0.53
IVES	Wedbush ETFMG Global Cloud Technology ETF	$997M	0.75%	Jun 3, 2025	-0.52
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3M	N/A	Jun 16, 2009	-0.51
COII	REX COIN GROWTH & INCOME ETF	$2.80M	N/A	Jun 3, 2025	-0.51
SDP	ProShares UltraShort Utilities -2x Shares	$4.60M	N/A	Jan 30, 2007	-0.51
SCC	ProShares UltraShort Consumer Discretionary	$6.20M	N/A	Jan 30, 2007	-0.50
PYPG	LEVERAGE SHARES 2X LONG PYPL DAILY ETF	$27M	N/A	Apr 3, 2025	-0.50
QQHG	Invesco QQQ Hedged Advantage ETF	$13M	0.45%	May 5, 2025	-0.49
BLOX	NICHOLAS CRYPTO INCOME ETF	$268M	0.99%	Jun 16, 2025	-0.47
CBXA	Calamos Bitcoin 90 Series Structured Alt Protection ETF April	$4.50M	0.69%	Apr 7, 2025	-0.47
BTCC	GRAYSCALE BITCOIN COVERED CALL ETF	$17M	0.65%	Apr 1, 2025	-0.45
OKLL	Defiance Daily Target 2x Long OKLO ETF	$293M	N/A	Jun 23, 2025	-0.44
YBIT	YIELDMAX(R) BITCOIN OPTION INCOME STRATEGY ETF	$43M	1.02%	Apr 22, 2024	-0.44
CRMG	LEVERAGE SHARES 2X LONG CRM DAILY ETF	$31M	N/A	Feb 9, 2026	-0.43
PLTG	LEVERAGE SHARES 2X LONG PLTR DAILY ETF	$26M	N/A	Apr 24, 2025	-0.42
QB	ProShares Nasdaq100 Dynamic Buffer ETF	$1.40M	0.58%	Jun 24, 2025	-0.42
NFLW	ROUNDHILL NFLX WEEKLYPAY ETF	$16M	N/A	Jun 17, 2025	-0.42
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$33M	N/A	Jul 16, 2009	-0.41
BTCI	NEOS BITCOIN HIGH INCOME ETF	$1.20B	0.99%	Oct 16, 2024	-0.41