24 Stocks and 76 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 -0.8383.
Stocks that lowly correlated with FEMS
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| SLDE | Slide Insurance Holdings Inc | $2.20B | Financial Services | Insurance - Property & Casualty | -0.55 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.53 |
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.50 |
| LGPS | LogProstyle Inc | $16M | Industrials | Conglomerates | -0.46 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.45 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.45 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.43 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.42 |
| SDHIR | Siddhi Acquisition Corp | $1.38M | N/A | N/A | -0.41 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.41 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.40 |
| BDMD | Baird Medical Investment Holdings Ltd . | $44M | Healthcare | Medical Devices | -0.40 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $54M | Financial Services | Shell Companies | -0.40 |
| TVAIU | Thayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts) | $10M | Financial Services | Shell Companies | -0.40 |
| RAAQ | Real Asset Acquisition Corp - Class A | $196M | Financial Services | Shell Companies | -0.40 |
| VCKAU | Scilex Holding Company - Units (1 Ord & 1/2 War) | $37M | N/A | N/A | -0.39 |
| HBNB | Hotel101 Global Holdings Corp | $1.36B | Real Estate | Real Estate Services | -0.39 |
| WAI | Top KingWin Ltd - Class A | $4.47M | Financial Services | Capital Markets | -0.38 |
| HMR | Sports Properties Acquisition Corp | $73M | Industrials | Marine Shipping | -0.37 |
| LOAR | Loar Holdings Inc | $5.82B | Industrials | Aerospace & Defense | -0.36 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.35 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.35 |
| EPOW | Sunrise New Energy Co. Ltd | $21M | Industrials | Electrical Equipment & Parts | -0.35 |
| DBTX | Decibel Therapeutics Inc | $123M | N/A | N/A | -0.34 |