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 company Accelerant (ARX). The correlation is -0.8127.
Stocks that lowly correlated with FMHI
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.81 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.57 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.55 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.54 |
| ETS | Elite Express Holding Inc - Class A | $13M | Industrials | Trucking | -0.53 |
| RAY | Raytech Holding Ltd | $8.20M | Consumer Defensive | Household & Personal Products | -0.52 |
| SDM | Smart Digital Group Ltd | $59M | Communication Services | Advertising Agencies | -0.51 |
| NYAX | Nayax Ltd | $2.63B | Technology | Software - Infrastructure | -0.50 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.50 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.47 |
| CHYM | Chime Financial Inc - Class A | $8.43B | Technology | Software - Application | -0.47 |
| EQT | EQT Corp | $31B | Energy | Oil & Gas E&p | -0.47 |
| BLSH | Bullish | $3.80B | Technology | Software - Infrastructure | -0.45 |
| PCLN | Priceline.com Inc | $906M | N/A | N/A | -0.45 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $18M | Financial Services | Shell Companies | -0.45 |
| CURX | Curanex Pharmaceuticals Inc | $6.11M | Healthcare | Biotechnology | -0.44 |
| DMAA | Drugs Made In America Acquisition Corp | $246M | Financial Services | Shell Companies | -0.43 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.43 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.43 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.41 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.41 |
| MPU | Mega Matrix Inc - Class A | $13M | Communication Services | Entertainment | -0.41 |
| ZYBT | Zhengye Biotechnology Holding Ltd | $35M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.41 |
| FIG | Figma Inc - Class A | $12B | Technology | Software - Application | -0.41 |
| ETOR | Etoro Group Ltd - Class A | $3.63B | Financial Services | Capital Markets | -0.41 |
| GET | GetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica | $88M | N/A | N/A | -0.40 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.40 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.39 |
| YSXT | Ysx Tech Co.Ltd - Class A | $20M | Industrials | Specialty Business Services | -0.38 |
| MNTN | MNTN Inc - Class A | $751M | Technology | Software - Application | -0.38 |
| FLYE | Fly-E Group Inc | $3.31M | Consumer Cyclical | Auto Manufacturers | -0.38 |
| DFDV | DeFi Development Corp | $91M | Financial Services | Asset Management | -0.37 |
| MCGAU | Yorkville Acquisition Corp - Units (1 Ord Cls A & 1/3 War) | $52M | Financial Services | Shell Companies | -0.37 |