31 Stocks and 69 ETFs for diversifying FMNY (FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF)
The least correlated asset to FMNY (FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.
Stocks that lowly correlated with FMNY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.87 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.62 |
| ETS | Elite Express Holding Inc - Class A | $13M | Industrials | Trucking | -0.58 |
| ETOR | Etoro Group Ltd - Class A | $3.63B | Financial Services | Capital Markets | -0.56 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.54 |
| BLSH | Bullish | $3.80B | Technology | Software - Infrastructure | -0.53 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.52 |
| CHYM | Chime Financial Inc - Class A | $8.43B | Technology | Software - Application | -0.52 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.52 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.52 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $18M | Financial Services | Shell Companies | -0.50 |
| FIG | Figma Inc - Class A | $12B | Technology | Software - Application | -0.49 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.48 |
| PCLN | Priceline.com Inc | $906M | N/A | N/A | -0.47 |
| RAY | Raytech Holding Ltd | $8.20M | Consumer Defensive | Household & Personal Products | -0.47 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.46 |
| CURX | Curanex Pharmaceuticals Inc | $6.11M | Healthcare | Biotechnology | -0.46 |
| BRLI | Brilliant Acquisition Corp | $5.92M | N/A | N/A | -0.46 |
| EMPD | Empery Digital Inc | $98M | Consumer Cyclical | Auto Manufacturers | -0.45 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.44 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.44 |
| BSM | Black Stone Minerals L.P. | $3.03B | Energy | Oil & Gas E&p | -0.44 |
| FLYE | Fly-E Group Inc | $3.31M | Consumer Cyclical | Auto Manufacturers | -0.43 |
| NYAX | Nayax Ltd | $2.63B | Technology | Software - Infrastructure | -0.43 |
| SDM | Smart Digital Group Ltd | $59M | Communication Services | Advertising Agencies | -0.43 |
| CHA | Chagee Holdings Ltd | $1.84B | Consumer Cyclical | Restaurants | -0.43 |
| EQT | EQT Corp | $31B | Energy | Oil & Gas E&p | -0.42 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.42 |
| APADR | Enhanced Group Inc | $6.67M | N/A | N/A | -0.42 |
| DMAA | Drugs Made In America Acquisition Corp | $246M | Financial Services | Shell Companies | -0.41 |
| UAN | CVR Partners LP | $1.23B | Basic Materials | Agricultural Inputs | -0.41 |