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OverviewHoldingsPerformanceDividendsSimilar EtfsCorrelations
High CorrelationLow Correlation

30 Stocks and 70 ETFs for diversifying FNK (FIRST TRUST MID CAP VALUE ALPHADEX FUND)

The least correlated asset to FNK (FIRST TRUST MID CAP VALUE ALPHADEX FUND) is ETF SBB (ProShares Short SmallCap600 -1x Shares). The correlation is -0.9285.

Stocks that lowly correlated with FNK

SymbolName
Market cap
SectorIndustry
Correlation
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.66
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.64
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.63
OFSSOOFS Capital Corp$341MN/AN/A-0.62
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.57
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.57
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.54
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.54
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.52
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.51
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.51
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.50
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.50
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.49
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.49
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.48
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.48
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.47
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.47
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.45
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.45
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.45
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.44
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.44
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.43
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.43
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.43
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.43
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.42
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.42

ETFs that lowly correlated with FNK

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.93
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.93
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.93
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.91
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.91
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.89
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.89
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.88
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.88
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.87
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.87
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.86
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.86
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.85
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.84
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.84
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.83
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.80
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.79
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.79
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.78
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.77
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.77
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.77
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.76
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.75
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.74
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.74
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.72
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.72
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.71
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.70
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.70
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.69
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.69
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.68
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.68
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.68
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.68
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.67
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.67
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.64
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.63
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.62
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.61
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.61
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.60
OILDBank of Montreal$53MN/ANov 8, 2021-0.59
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.58
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.58
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.57
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.56
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.56
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.55
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.54
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.53
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.52
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.51
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.50
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.49
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.47
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.46
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.46
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.46
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.45
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.44
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.44
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.42
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.42