Overview Performance Dividends Correlations

30 Stocks and 70 ETFs for diversifying FEMS (FIRST TRUST EMERGING MARKETS SMALL CAP ALPHADEX FUND)

The least correlated asset to FEMS (FIRST TRUST EMERGING MARKETS SMALL CAP ALPHADEX FUND) is ETF EUM (ProShares Short MSCI Emerging Markets -1x Shares). The correlation is -0.8281.

Stocks that lowly correlated with FEMS

Symbol	Name	Market cap	Sector	Industry	Correlation
ORIQU	Origin Investment Corp I - Units (1 Ord Cls & 1/2 War)	$22M	Financial Services	Shell Companies	-0.73
ELOG	Eastern International Ltd	$9.59M	Industrials	Integrated Freight & Logistics	-0.64
SOCAU	Solarius Capital Acquisition Corp Units	$179M	Financial Services	Shell Companies	-0.55
PACH	Pioneer Acquisition I Corp - Class A	$260M	Financial Services	Shell Companies	-0.53
FIG	Figma Inc - Class A	$12B	Technology	Software - Application	-0.53
TACH	Titan Acquisition Corp - Class A	$288M	Financial Services	Shell Companies	-0.53
CRAQ	Cal Redwood Acquisition Corp	$320M	Financial Services	Shell Companies	-0.51
RYOJ	rYojbaba Co. Ltd	$51M	Industrials	Consulting Services	-0.50
LGPS	LogProstyle Inc	$26M	Industrials	Conglomerates	-0.48
SI	Shoulder Innovations Inc	$452M	N/A	N/A	-0.47
CRE	Cre8 Enterprise Ltd Class A	$6.60M	Industrials	Specialty Business Services	-0.47
VNMEU	Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)	$52M	Financial Services	Shell Companies	-0.47
SLDE	Slide Insurance Holdings Inc	$2.32B	Financial Services	Insurance - Property & Casualty	-0.46
OFSSO	OFS Capital Corp	$341M	N/A	N/A	-0.45
TVAIR	Thayer Ventures Acquisition Corporation II Rights	$166K	N/A	N/A	-0.45
FIGXU	FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)	$35M	Financial Services	Shell Companies	-0.45
OYSE	Oyster Enterprises II Acquisition Corp	$268M	Financial Services	Shell Companies	-0.45
CCIIW	Cohen Circle Acquisition Corp II - Warrants(01/07/2030)	$3.81M	N/A	N/A	-0.44
PGAC	Pantages Capital Acquisition Corp Cl A Ord Shs	$118M	Financial Services	Shell Companies	-0.44
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.43
KCHV	Kochav Defense Acquisition Corp - Class A	$263M	Financial Services	Shell Companies	-0.43
CHA	Chagee Holdings Ltd	$1.84B	Consumer Cyclical	Restaurants	-0.42
EDHL	Everbright Digital Holding Ltd	$5.88M	Communication Services	Advertising Agencies	-0.41
PROP	Prairie Operating Co. Common Stock	$60M	Energy	Oil & Gas E&p	-0.41
RIBBR	Ribbon Acquisition Corp Rights	$277K	N/A	N/A	-0.41
LWACW	LightWave Acquisition Corp - Warrants (06/06/2030)	$178M	N/A	N/A	-0.41
HMR	Sports Properties Acquisition Corp	$65M	Industrials	Marine Shipping	-0.40
PLMKU	Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)	$213M	Financial Services	Shell Companies	-0.40
LHAI	Linkhome Holdings Inc	$19M	Real Estate	Real Estate Services	-0.40
SDHIR	Siddhi Acquisition Corp	$1.13M	N/A	N/A	-0.40

ETFs that lowly correlated with FEMS

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.83
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.81
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.77
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.76
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.75
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.74
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.70
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.66
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.66
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.66
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3.20M	N/A	Jun 16, 2009	-0.65
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.65
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.65
NOWL	GRANITESHARES 2X LONG NOW DAILY ETF	$286M	N/A	Jul 14, 2025	-0.65
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.64
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$82M	0.79%	Jun 28, 2024	-0.64
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.64
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.63
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.63
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.63
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.63
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.63
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.63
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.62
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.62
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.62
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.61
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.61
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.61
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.61
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.61
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.61
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.59
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.59
USDU	WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND	$433M	0.51%	Dec 18, 2013	-0.59
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.57
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.56
YXI	ProShares Short FTSE China 50 -1x Shares	$5M	0.95%	Mar 16, 2010	-0.56
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.55
FXP	ProShares UltraShort FTSE China 50 -2x Shares	$7.60M	N/A	Nov 6, 2007	-0.54
DUG	ProShares UltraShort Energy	$27M	N/A	Jan 30, 2007	-0.53
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.53
WTID	Bank of Montreal	$18M	N/A	Feb 16, 2023	-0.53
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$895M	N/A	Nov 24, 2008	-0.52
YANG	DIREXION DAILY FTSE CHINA BEAR 3X SHARES	$104M	N/A	Dec 3, 2009	-0.52
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.52
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.52
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	$131M	N/A	May 28, 2015	-0.52
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.52
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.51
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.51
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.51
OILD	Bank of Montreal	$53M	N/A	Nov 8, 2021	-0.50
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.49
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.48
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$49M	N/A	Nov 6, 2008	-0.48
UUP	Invesco DB US Dollar Index Bullish Fund	$436M	0.75%	Feb 20, 2007	-0.47
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$35M	0.50%	Mar 6, 2024	-0.47
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.45
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.44
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.44
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.44
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.43
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.43
EUO	ProShares UltraShort Euro -2X Shares	$35M	N/A	Nov 24, 2008	-0.42
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$8.20M	1.05%	Jul 23, 2024	-0.41
CXRN	TEUCRIUM 2X DAILY CORN ETF	$4M	N/A	Dec 12, 2024	-0.41
SHPU	DIREXION DAILY SHOP BULL 2X ETF	$15M	N/A	Aug 5, 2025	-0.41
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.41
RXD	ProShares UltraShort Health Care -2x Shares	$3.20M	N/A	Jan 30, 2007	-0.40