Overview Holdings Performance Dividends Similar Etfs Correlations

22 Stocks and 78 ETFs for diversifying FIW (FIRST TRUST WATER ETF)

The least correlated asset to FIW (FIRST TRUST WATER ETF) is ETF MYY (PROSHARES SHORT MIDCAP400). The correlation is -0.8823.

Stocks that lowly correlated with FIW

Symbol	Name	Market cap	Sector	Industry	Correlation
WTGUU	Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$20M	Financial Services	Shell Companies	-0.69
TMDE	TMD Energy Ltd	$18M	Energy	Oil & Gas Midstream	-0.63
DFSC	DEFSEC Technologies Inc Com	$8.73M	Industrials	Aerospace & Defense	-0.56
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.55
CRCL	Circle Internet Group Inc - Class A	$25B	Financial Services	Capital Markets	-0.55
CDTG	CDT Environmental Technology Investment Holdings Ltd	$3.77M	Industrials	Waste Management	-0.52
STRZ	Starz Entertainment Corp	$380M	Communication Services	Entertainment	-0.52
RAAQ	Real Asset Acquisition Corp - Class A	$196M	Financial Services	Shell Companies	-0.48
SAFX	XCF Global Inc	$126M	Utilities	Utilities - Renewable	-0.48
EQV	EQV Ventures Acquisition Corp.	$466M	Financial Services	Shell Companies	-0.48
STAK	Stak Inc	$17M	Energy	Oil & Gas Equipment & Services	-0.48
BMGL	Basel Medical Group Ltd	$11M	Healthcare	Medical Care Facilities	-0.47
SLDE	Slide Insurance Holdings Inc	$2.20B	Financial Services	Insurance - Property & Casualty	-0.45
LION	Lionsgate Studios Corp - New	$3.99B	Financial Services	Shell Companies	-0.42
ASIC	Ategrity Specialty Holdings LLC	$969M	Financial Services	Insurance - Property & Casualty	-0.41
SHLT	SHL Telemedicine Ltd ADR	$39M	Healthcare	Health Information Services	-0.41
HCHL	Happy City Holdings Ltd - Class A	$59M	Consumer Cyclical	Restaurants	-0.40
MCTR	CTRL Group Ltd	$15M	Communication Services	Advertising Agencies	-0.39
HMR	Sports Properties Acquisition Corp	$73M	Industrials	Marine Shipping	-0.37
PROP	Prairie Operating Co. Common Stock	$81M	Energy	Oil & Gas E&p	-0.37
WETO	Webus International Ltd	$11M	Technology	Software - Infrastructure	-0.37
BDMD	Baird Medical Investment Holdings Ltd .	$44M	Healthcare	Medical Devices	-0.37

ETFs that lowly correlated with FIW

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.88
SIJ	ProShares UltraShort Industrials -2x Shares	$6.20M	N/A	Jan 30, 2007	-0.88
MZZ	PROSHARES ULTRASHORT MIDCAP400	$734K	N/A	Jul 11, 2006	-0.87
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.86
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.86
SBB	ProShares Short SmallCap600 -1x Shares	$4.10M	0.95%	Jan 23, 2007	-0.85
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.60M	N/A	Jan 23, 2007	-0.85
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$220M	0.48%	Jun 8, 2016	-0.85
SH	ProShares Short S&P500 -1x Shares	$1.20B	0.89%	Jun 19, 2006	-0.84
SDS	ProShares UltraShort S&P500 -2x Shares	$443M	N/A	Jul 11, 2006	-0.84
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.83
SEF	ProShares Short Financials -1x Shares	$18M	0.95%	Jun 10, 2008	-0.83
DXD	PROSHARES ULTRASHORT DOW30	$51M	N/A	Jul 11, 2006	-0.82
SKF	ProShares UltraShort Financials -2x Shares	$16M	N/A	May 23, 2007	-0.82
SJB	PROSHARES SHORT HIGH YIELD	$103M	0.95%	Mar 21, 2011	-0.81
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.80
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$2.90M	0.65%	Nov 14, 2017	-0.79
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$9M	6.22%	Jul 10, 2018	-0.79
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$19M	N/A	Nov 7, 2019	-0.78
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$180M	N/A	Feb 9, 2010	-0.77
SMN	ProShares UltraShort Materials	$3.10M	N/A	Jan 30, 2007	-0.76
EFZ	ProShares Short MSCI EAFE -1X Shares	$16M	0.95%	Oct 23, 2007	-0.76
REK	PROSHARES SHORT REAL ESTATE	$12M	0.95%	Mar 16, 2010	-0.76
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$932K	N/A	Oct 23, 2007	-0.76
SCC	ProShares UltraShort Consumer Discretionary	$6.20M	N/A	Jan 30, 2007	-0.76
SRS	ProShares UltraShort Real Estate -2x Shares	$17M	N/A	Jan 30, 2007	-0.75
EPV	ProShares UltraShort FTSE Europe -2X Shares	$14M	N/A	Jun 16, 2009	-0.74
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.72
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.72
BNKD	Bank of Montreal	$1.40M	N/A	Feb 20, 2025	-0.72
PSQ	ProShares Short QQQ -1x Shares	$519M	0.95%	Jun 19, 2006	-0.71
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$10M	N/A	Nov 7, 2019	-0.68
EWV	ProShares UltraShort MSCI Japan -2x Shares	$7.20M	N/A	Nov 6, 2007	-0.67
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$37M	0.89%	Jan 17, 2018	-0.67
VIXM	ProShares VIX Mid-Term Futures ETF	$56M	0.92%	Jan 3, 2011	-0.67
REW	ProShares UltraShort Technology -2x Shares	$3.70M	N/A	Jan 30, 2007	-0.66
SRTY	ProShares UltraPro Short Russell2000 -3x Shares	$81M	N/A	Feb 9, 2010	-0.66
METD	DIREXION DAILY META BEAR 1X SHARES	$8.60M	1.02%	Jun 5, 2024	-0.66
TNGY	TORTOISE ENERGY ETF	$600M	0.85%	Dec 27, 2010	-0.65
SPXU	ProShares UltraPro Short S&P 500	$562M	N/A	Jun 23, 2009	-0.65
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$9.80M	1.05%	Jul 23, 2024	-0.64
UVIX	2x Long VIX Futures ETF	$499M	N/A	Mar 28, 2022	-0.63
TAIL	CAMBRIA TAIL RISK ETF	$157M	0.59%	Apr 5, 2017	-0.62
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.70M	1.01%	Oct 2, 2024	-0.62
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$8.80M	0.95%	Oct 30, 2007	-0.61
RXD	ProShares UltraShort Health Care -2x Shares	$4.90M	N/A	Jan 30, 2007	-0.61
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.61
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$6.10M	N/A	Oct 30, 2007	-0.61
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.59
QID	PROSHARES ULTRASHORT QQQ	$279M	N/A	Jul 11, 2006	-0.58
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$9.60M	N/A	Jan 3, 2024	-0.58
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$33M	N/A	Jul 16, 2009	-0.57
RISR	FOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF	$228M	1.04%	Sep 30, 2021	-0.55
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$68M	0.92%	Nov 5, 2021	-0.55
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.50M	N/A	Apr 6, 2010	-0.55
SDP	ProShares UltraShort Utilities -2x Shares	$4.60M	N/A	Jan 30, 2007	-0.53
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$37M	N/A	Dec 17, 2008	-0.52
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$62M	0.79%	Jun 28, 2024	-0.52
NVDS	Tradr 1.5X Short NVDA Daily ETF	$23M	N/A	Jul 13, 2022	-0.50
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.48
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$14M	1.11%	Aug 14, 2024	-0.48
DRIP	DIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES	$117M	N/A	May 28, 2015	-0.48
NFLW	ROUNDHILL NFLX WEEKLYPAY ETF	$16M	N/A	Jun 17, 2025	-0.46
PFIX	SIMPLIFY INTEREST RATE HEDGE ETF	$210M	0.50%	May 10, 2021	-0.46
NVD	GRANITESHARES 2X SHORT NVDA DAILY ETF	$75M	N/A	Aug 21, 2023	-0.45
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$40M	N/A	Nov 6, 2008	-0.45
DUG	ProShares UltraShort Energy	$18M	N/A	Jan 30, 2007	-0.43
NVDQ	T-Rex 2X Inverse NVIDIA Daily Target ETF	$36M	N/A	Oct 18, 2023	-0.43
FNGD	Bank of Montreal	$68M	N/A	Jan 22, 2018	-0.42
NVDD	DIREXION DAILY NVDA BEAR 1X SHARES	$23M	1.01%	Sep 12, 2023	-0.41
WTID	Bank of Montreal	$6.60M	N/A	Feb 16, 2023	-0.41
AIBD	DIREXION DAILY AI AND BIG DATA BEAR 2X SHARES	$4.20M	N/A	May 15, 2024	-0.40
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3M	N/A	Jun 16, 2009	-0.39
KMLM	KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF	$307M	0.90%	Dec 1, 2020	-0.39
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$23M	0.50%	Mar 6, 2024	-0.39
SETH	ProShares Short Ether ETF	$16M	0.95%	Nov 1, 2023	-0.39
JUCY	APTUS ENHANCED YIELD ETF	$234M	0.60%	Oct 31, 2022	-0.36
OILD	Bank of Montreal	$19M	N/A	Nov 8, 2021	-0.36