Overview Holdings Performance Dividends Correlations

21 Stocks and 79 ETFs for diversifying FEP (FIRST TRUST EUROPE ALPHADEX FUND)

The least correlated asset to FEP (FIRST TRUST EUROPE ALPHADEX FUND) is ETF EFZ (ProShares Short MSCI EAFE -1X Shares). The correlation is -0.9457.

Stocks that lowly correlated with FEP

Symbol	Name	Market cap	Sector	Industry	Correlation
TMDE	TMD Energy Ltd	$18M	Energy	Oil & Gas Midstream	-0.71
WTGUU	Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$20M	Financial Services	Shell Companies	-0.66
CRCL	Circle Internet Group Inc - Class A	$25B	Financial Services	Capital Markets	-0.57
CDTG	CDT Environmental Technology Investment Holdings Ltd	$3.77M	Industrials	Waste Management	-0.53
CSAI	Cloudastructure Inc - Class A	$8.98M	Technology	Software - Infrastructure	-0.50
RIBBU	Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)	$56M	Financial Services	Shell Companies	-0.49
STAK	Stak Inc	$17M	Energy	Oil & Gas Equipment & Services	-0.47
PROP	Prairie Operating Co. Common Stock	$81M	Energy	Oil & Gas E&p	-0.46
MOBX	Mobix Labs Inc - Class A	$20M	Technology	Semiconductors	-0.43
VCKAU	Scilex Holding Company - Units (1 Ord & 1/2 War)	$37M	N/A	N/A	-0.42
EQV	EQV Ventures Acquisition Corp.	$466M	Financial Services	Shell Companies	-0.40
AII	American Integrity Insurance Group Inc	$328M	Financial Services	Insurance - Property & Casualty	-0.40
LGPS	LogProstyle Inc	$16M	Industrials	Conglomerates	-0.40
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.39
LB	Landbridge Company LLC. - Class A	$5.70B	Energy	Oil & Gas Equipment & Services	-0.38
SAFX	XCF Global Inc	$126M	Utilities	Utilities - Renewable	-0.37
APUS	Apimeds Pharmaceuticals US Inc	$1.82M	Healthcare	Drug Manufacturers - Specialty & Generic	-0.37
AFRI	Forafric Global PLC	$270M	Consumer Defensive	Farm Products	-0.36
TURB	Turbo Energy S.A.	$7.58M	Technology	Solar	-0.36
NYAX	Nayax Ltd	$3.09B	Technology	Software - Infrastructure	-0.36
ANNA	AleAnna Inc - Class A	$122M	Energy	Oil & Gas E&p	-0.35

ETFs that lowly correlated with FEP

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
EFZ	ProShares Short MSCI EAFE -1X Shares	$16M	0.95%	Oct 23, 2007	-0.95
EPV	ProShares UltraShort FTSE Europe -2X Shares	$14M	N/A	Jun 16, 2009	-0.94
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$932K	N/A	Oct 23, 2007	-0.94
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$8.80M	0.95%	Oct 30, 2007	-0.81
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$6.10M	N/A	Oct 30, 2007	-0.81
EWV	ProShares UltraShort MSCI Japan -2x Shares	$7.20M	N/A	Nov 6, 2007	-0.79
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$9M	6.22%	Jul 10, 2018	-0.78
SIJ	ProShares UltraShort Industrials -2x Shares	$6.20M	N/A	Jan 30, 2007	-0.78
SMN	ProShares UltraShort Materials	$3.10M	N/A	Jan 30, 2007	-0.77
SJB	PROSHARES SHORT HIGH YIELD	$103M	0.95%	Mar 21, 2011	-0.76
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.76
SEF	ProShares Short Financials -1x Shares	$18M	0.95%	Jun 10, 2008	-0.75
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.75
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$19M	N/A	Nov 7, 2019	-0.75
MZZ	PROSHARES ULTRASHORT MIDCAP400	$734K	N/A	Jul 11, 2006	-0.75
DXD	PROSHARES ULTRASHORT DOW30	$51M	N/A	Jul 11, 2006	-0.75
SH	ProShares Short S&P500 -1x Shares	$1.20B	0.89%	Jun 19, 2006	-0.74
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$220M	0.48%	Jun 8, 2016	-0.74
SKF	ProShares UltraShort Financials -2x Shares	$16M	N/A	May 23, 2007	-0.73
SBB	ProShares Short SmallCap600 -1x Shares	$4.10M	0.95%	Jan 23, 2007	-0.73
SDS	ProShares UltraShort S&P500 -2x Shares	$443M	N/A	Jul 11, 2006	-0.73
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.73
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.72
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.60M	N/A	Jan 23, 2007	-0.72
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$2.90M	0.65%	Nov 14, 2017	-0.71
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$180M	N/A	Feb 9, 2010	-0.71
BNKD	Bank of Montreal	$1.40M	N/A	Feb 20, 2025	-0.69
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$37M	0.89%	Jan 17, 2018	-0.68
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$37M	N/A	Dec 17, 2008	-0.68
VIXM	ProShares VIX Mid-Term Futures ETF	$56M	0.92%	Jan 3, 2011	-0.68
NFLW	ROUNDHILL NFLX WEEKLYPAY ETF	$16M	N/A	Jun 17, 2025	-0.68
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.67
REK	PROSHARES SHORT REAL ESTATE	$12M	0.95%	Mar 16, 2010	-0.64
USDU	WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND	$396M	0.51%	Dec 18, 2013	-0.63
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.63
SRS	ProShares UltraShort Real Estate -2x Shares	$17M	N/A	Jan 30, 2007	-0.62
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.62
TAIL	CAMBRIA TAIL RISK ETF	$157M	0.59%	Apr 5, 2017	-0.60
PSQ	ProShares Short QQQ -1x Shares	$519M	0.95%	Jun 19, 2006	-0.60
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.60
SCC	ProShares UltraShort Consumer Discretionary	$6.20M	N/A	Jan 30, 2007	-0.58
TNGY	TORTOISE ENERGY ETF	$600M	0.85%	Dec 27, 2010	-0.56
SPXU	ProShares UltraPro Short S&P 500	$562M	N/A	Jun 23, 2009	-0.55
UUP	Invesco DB US Dollar Index Bullish Fund	$352M	0.75%	Feb 20, 2007	-0.55
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$62M	0.79%	Jun 28, 2024	-0.55
DRIP	DIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES	$117M	N/A	May 28, 2015	-0.55
REW	ProShares UltraShort Technology -2x Shares	$3.70M	N/A	Jan 30, 2007	-0.54
WTID	Bank of Montreal	$6.60M	N/A	Feb 16, 2023	-0.53
DUG	ProShares UltraShort Energy	$18M	N/A	Jan 30, 2007	-0.53
UVIX	2x Long VIX Futures ETF	$499M	N/A	Mar 28, 2022	-0.51
YXI	ProShares Short FTSE China 50 -1x Shares	$4.30M	0.95%	Mar 16, 2010	-0.51
FXP	ProShares UltraShort FTSE China 50 -2x Shares	$5.60M	N/A	Nov 6, 2007	-0.51
QID	PROSHARES ULTRASHORT QQQ	$279M	N/A	Jul 11, 2006	-0.50
WZRD	Opportunistic Trader ETF	$3.90M	1.00%	Jun 24, 2025	-0.50
EUO	ProShares UltraShort Euro -2X Shares	$38M	N/A	Nov 24, 2008	-0.49
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$40M	N/A	Nov 6, 2008	-0.49
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3M	N/A	Jun 16, 2009	-0.48
OILD	Bank of Montreal	$19M	N/A	Nov 8, 2021	-0.48
SRTY	ProShares UltraPro Short Russell2000 -3x Shares	$81M	N/A	Feb 9, 2010	-0.48
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.48
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$10M	N/A	Nov 7, 2019	-0.48
RXD	ProShares UltraShort Health Care -2x Shares	$4.90M	N/A	Jan 30, 2007	-0.47
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.50M	N/A	Apr 6, 2010	-0.47
YANG	DIREXION DAILY FTSE CHINA BEAR 3X SHARES	$110M	N/A	Dec 3, 2009	-0.46
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$1.10B	N/A	Nov 24, 2008	-0.46
METD	DIREXION DAILY META BEAR 1X SHARES	$8.60M	1.02%	Jun 5, 2024	-0.44
MUD	Direxion Daily MU Bear 1X Shares	$27M	1.02%	Oct 9, 2024	-0.43
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.70M	1.01%	Oct 2, 2024	-0.43
PFIX	SIMPLIFY INTEREST RATE HEDGE ETF	$210M	0.50%	May 10, 2021	-0.42
SMCZ	DEFIANCE DAILY TARGET 2X SHORT SMCI ETF	$4.80M	N/A	Mar 31, 2025	-0.41
GGOV	iShares Global Government Bond USD Hedged Active	$44M	0.39%	Jun 25, 2025	-0.41
ZSL	ProShares UltraShort Silver -2x Shares	$145M	N/A	Dec 1, 2008	-0.40
CPII	AMERICAN BEACON IONIC INFLATION PROTECTION ETF	$11M	0.70%	Jun 28, 2022	-0.38
NVDS	Tradr 1.5X Short NVDA Daily ETF	$23M	N/A	Jul 13, 2022	-0.37
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.36
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$33M	N/A	Jul 16, 2009	-0.36
KMLM	KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF	$307M	0.90%	Dec 1, 2020	-0.35
SDP	ProShares UltraShort Utilities -2x Shares	$4.60M	N/A	Jan 30, 2007	-0.35
CTA	SIMPLIFY MANAGED FUTURES STRATEGY ETF	$1.70B	0.75%	Mar 7, 2022	-0.35