33 Stocks and 67 ETFs for diversifying FMHI (FIRST TRUST MUNICIPAL HIGH INCOME ETF)
The least correlated asset to FMHI (FIRST TRUST MUNICIPAL HIGH INCOME ETF) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7826.
Stocks that lowly correlated with FMHI
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| JEM | 707 Cayman Holdings Ltd | $1.99M | Consumer Cyclical | Apparel Retail | -0.69 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.56 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.56 |
| PCLN | Priceline.com Inc | $906M | N/A | N/A | -0.54 |
| OMSE | OMS Energy Technologies Inc | $201M | Energy | Oil & Gas Equipment & Services | -0.53 |
| RAY | Raytech Holding Ltd | $9.91M | Consumer Defensive | Household & Personal Products | -0.52 |
| SDM | Smart Digital Group Ltd | $59M | Communication Services | Advertising Agencies | -0.52 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.51 |
| MNTN | MNTN Inc - Class A | $653M | Technology | Software - Application | -0.51 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.50 |
| CUPR | Cuprina Holdings (Cayman) Ltd - Class A | $5.42M | Healthcare | Medical Instruments & Supplies | -0.50 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.49 |
| CHYM | Chime Financial Inc - Class A | $6.59B | Technology | Software - Application | -0.49 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.47 |
| EQT | EQT Corp | $34B | Energy | Oil & Gas E&p | -0.46 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.45 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.45 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.43 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.43 |
| ETOR | Etoro Group Ltd - Class A | $3.64B | Financial Services | Capital Markets | -0.42 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.42 |
| DMAA | Drugs Made In America Acquisition Corp | $244M | Financial Services | Shell Companies | -0.42 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.41 |
| FLYE | Fly-E Group Inc | $3M | Consumer Cyclical | Auto Manufacturers | -0.41 |
| GET | GetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica | $88M | N/A | N/A | -0.40 |
| ZYBT | Zhengye Biotechnology Holding Ltd | $41M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.40 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.40 |
| STFS | Star Fashion Culture Holdings Ltd - Class A | $903K | Communication Services | Advertising Agencies | -0.39 |
| MCGAU | Yorkville Acquisition Corp - Units (1 Ord Cls A & 1/3 War) | $52M | Financial Services | Shell Companies | -0.39 |
| MPU | Mega Matrix Inc - Class A | $30M | Communication Services | Entertainment | -0.39 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.39 |
| DFDV | DeFi Development Corp | $127M | Financial Services | Asset Management | -0.37 |
| EPWK | EPWK Holdings Ltd - Class A | $9.78K | Technology | Software - Application | -0.37 |