Overview Performance Dividends Correlations

10 Stocks and 90 ETFs for diversifying FFA (First Trust Enhanced Equity Income Fund)

The least correlated asset to FFA (First Trust Enhanced Equity Income Fund) is ETF SH (ProShares Short S&P500 -1x Shares). The correlation is -0.9396.

Stocks that lowly correlated with FFA

Symbol	Name	Market cap	Sector	Industry	Correlation
TMDE	TMD Energy Ltd	$21M	Energy	Oil & Gas Midstream	-0.56
MCTR	CTRL Group Ltd	$15M	Communication Services	Advertising Agencies	-0.52
CLIK	Click Holdings Ltd	$4.19M	Consumer Cyclical	Personal Services	-0.51
OYSE	Oyster Enterprises II Acquisition Corp	$268M	Financial Services	Shell Companies	-0.50
IROHU	CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)	$453M	N/A	N/A	-0.49
PROP	Prairie Operating Co. Common Stock	$60M	Energy	Oil & Gas E&p	-0.49
CURX	Curanex Pharmaceuticals Inc	$6.11M	Healthcare	Biotechnology	-0.49
NYAX	Nayax Ltd	$2.63B	Technology	Software - Infrastructure	-0.44
RIBBU	Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)	$56M	Financial Services	Shell Companies	-0.44
ASIC	Ategrity Specialty Holdings LLC	$1.08B	Financial Services	Insurance - Property & Casualty	-0.43

ETFs that lowly correlated with FFA

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.94
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.94
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.93
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.89
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.89
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.88
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.88
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.88
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.87
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.87
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.87
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.86
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.86
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.85
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.85
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$35M	0.50%	Mar 6, 2024	-0.84
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.84
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.84
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.84
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.83
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.83
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.83
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.83
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.83
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$82M	0.79%	Jun 28, 2024	-0.82
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.81
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.81
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	$4.70M	N/A	May 15, 2024	-0.80
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$16M	1.11%	Aug 14, 2024	-0.79
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.79
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.79
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.78
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.78
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.78
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.76
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.76
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.76
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.75
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.74
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.74
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.73
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.73
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.71
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.71
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.71
NVDS	Tradr 1.5X Short NVDA Daily ETF	$18M	N/A	Jul 13, 2022	-0.69
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$8.20M	1.05%	Jul 23, 2024	-0.69
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.68
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.68
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$7.50M	1.03%	Oct 9, 2024	-0.66
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.64
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.64
SLTY	YIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF	$19M	1.25%	Aug 20, 2025	-0.64
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.63
AMDD	T-REX 2X INVERSE AMD DAILY TARGET ETF	$16M	1.03%	Feb 11, 2025	-0.61
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	$131M	N/A	May 28, 2015	-0.61
NVD	GRANITESHARES 2X SHORT NVDA DAILY ETF	$61M	N/A	Aug 21, 2023	-0.61
NVDD	DIREXION DAILY NVDA BEAR 1X SHARES	$19M	1.01%	Sep 12, 2023	-0.61
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.60
NVDQ	T-REX 2X INVERSE NVIDIA DAILY TARGET ETF	$22M	N/A	Oct 18, 2023	-0.60
RXD	ProShares UltraShort Health Care -2x Shares	$3.20M	N/A	Jan 30, 2007	-0.60
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.59
AAPD	DIREXION DAILY AAPL BEAR 1X SHARES	$14M	0.96%	Aug 8, 2022	-0.58
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.57
DUG	ProShares UltraShort Energy	$27M	N/A	Jan 30, 2007	-0.57
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.55
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$49M	N/A	Nov 6, 2008	-0.55
TNGY	TORTOISE ENERGY ETF	$515M	0.85%	Dec 27, 2010	-0.54
SETH	ProShares Short Ether ETF	$23M	0.95%	Nov 1, 2023	-0.53
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.53
CRSH	YIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF	$16M	1.05%	May 1, 2024	-0.53
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$29M	N/A	Jul 16, 2009	-0.53
WTID	Bank of Montreal	$18M	N/A	Feb 16, 2023	-0.52
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$895M	N/A	Nov 24, 2008	-0.52
SHRT	GOTHAM SHORT STRATEGIES ETF	$14M	1.35%	Jul 31, 2017	-0.52
XLEI	STATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$40M	0.35%	Jul 29, 2025	-0.50
ETHD	ProShares UltraShort Ether ETF	$86M	N/A	Jun 6, 2024	-0.49
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.49
MUD	Direxion Daily MU Bear 1X Shares	$76M	1.02%	Oct 9, 2024	-0.48
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	$25M	N/A	Aug 8, 2025	-0.48
CRCG	LEVERAGE SHARES 2X LONG CRCL DAILY ETF	$67M	N/A	Aug 8, 2025	-0.48
MSFD	DIREXION DAILY MSFT BEAR 1X SHARES	$11M	1.02%	Sep 6, 2022	-0.48
OILD	Bank of Montreal	$53M	N/A	Nov 8, 2021	-0.48
AMZD	DIREXION DAILY AMZN BEAR 1X SHARES	$10M	1.02%	Sep 6, 2022	-0.47
LDRT	ISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF	$132M	0.07%	Nov 7, 2024	-0.46
SDP	ProShares UltraShort Utilities -2x Shares	$3.90M	N/A	Jan 30, 2007	-0.45
FIAT	YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF	$35M	1.05%	Jul 9, 2024	-0.45
BRKU	DIREXION DAILY BRKB BULL 2X SHARES	$45M	N/A	Dec 10, 2024	-0.43
GGLS	Direxion Daily GOOGL Bear 1X ETF	$13M	1.02%	Sep 6, 2022	-0.43
GXPE	GLOBAL X PURECAP MSCI ENERGY ETF	$1.20M	0.15%	Jul 22, 2025	-0.43