32 Stocks and 68 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 JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.
Stocks that lowly correlated with FMNY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.66 |
| JEM | 707 Cayman Holdings Ltd | $1.99M | Consumer Cyclical | Apparel Retail | -0.65 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.64 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.63 |
| ETOR | Etoro Group Ltd - Class A | $3.64B | Financial Services | Capital Markets | -0.57 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.56 |
| CHYM | Chime Financial Inc - Class A | $6.59B | Technology | Software - Application | -0.54 |
| PCLN | Priceline.com Inc | $906M | N/A | N/A | -0.53 |
| OMSE | OMS Energy Technologies Inc | $201M | Energy | Oil & Gas Equipment & Services | -0.51 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.50 |
| MNTN | MNTN Inc - Class A | $653M | Technology | Software - Application | -0.49 |
| CUPR | Cuprina Holdings (Cayman) Ltd - Class A | $5.42M | Healthcare | Medical Instruments & Supplies | -0.49 |
| RAY | Raytech Holding Ltd | $9.91M | Consumer Defensive | Household & Personal Products | -0.47 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.46 |
| FLYE | Fly-E Group Inc | $3M | Consumer Cyclical | Auto Manufacturers | -0.46 |
| BRLI | Brilliant Acquisition Corp | $5.92M | N/A | N/A | -0.46 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.45 |
| BSM | Black Stone Minerals L.P. | $2.82B | Energy | Oil & Gas E&p | -0.44 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.44 |
| SDM | Smart Digital Group Ltd | $59M | Communication Services | Advertising Agencies | -0.44 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.43 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.43 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.42 |
| EQT | EQT Corp | $34B | Energy | Oil & Gas E&p | -0.42 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.42 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.41 |
| UAN | CVR Partners LP | $1.29B | Basic Materials | Agricultural Inputs | -0.40 |
| DMAA | Drugs Made In America Acquisition Corp | $244M | Financial Services | Shell Companies | -0.40 |
| EPWK | EPWK Holdings Ltd - Class A | $9.78K | Technology | Software - Application | -0.40 |
| AR | Antero Resources Corp | $11B | Energy | Oil & Gas E&p | -0.40 |
| STFS | Star Fashion Culture Holdings Ltd - Class A | $903K | Communication Services | Advertising Agencies | -0.39 |
| YAAS | Youxin Technology Ltd - Class A | $8.49M | Technology | Software - Application | -0.39 |