25 Stocks and 75 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 -0.9488.
Stocks that lowly correlated with FEP
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.67 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.53 |
| ELOG | Eastern International Ltd | $9.59M | Industrials | Integrated Freight & Logistics | -0.51 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.50 |
| ORIQU | Origin Investment Corp I - Units (1 Ord Cls & 1/2 War) | $22M | Financial Services | Shell Companies | -0.49 |
| SI | Shoulder Innovations Inc | $452M | N/A | N/A | -0.46 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.46 |
| CSAI | Cloudastructure Inc - Class A | $7.44M | Technology | Software - Infrastructure | -0.46 |
| LGPS | LogProstyle Inc | $26M | Industrials | Conglomerates | -0.44 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.42 |
| VCKAU | Scilex Holding Company - Units (1 Ord & 1/2 War) | $37M | N/A | N/A | -0.42 |
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.41 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.41 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.40 |
| STAK | Stak Inc | $55M | Energy | Oil & Gas Equipment & Services | -0.40 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.40 |
| OYSE | Oyster Enterprises II Acquisition Corp | $268M | Financial Services | Shell Companies | -0.40 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.39 |
| OMDA | Omada Health Inc | $1.41B | Healthcare | Health Information Services | -0.38 |
| SAFX | XCF Global Inc | $145M | Utilities | Utilities - Renewable | -0.38 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.38 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.38 |
| LHAI | Linkhome Holdings Inc | $19M | Real Estate | Real Estate Services | -0.38 |
| AII | American Integrity Insurance Group Inc | $358M | Financial Services | Insurance - Property & Casualty | -0.38 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.37 |