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18 Stocks and 82 ETFs for diversifying FNX (FIRST TRUST MID CAP CORE ALPHADEX FUND)

The least correlated asset to FNX (FIRST TRUST MID CAP CORE ALPHADEX FUND) is ETF MYY (PROSHARES SHORT MIDCAP400). The correlation is -0.9697.

Stocks that lowly correlated with FNX

SymbolName
Market cap
SectorIndustry
Correlation
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.67
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.66
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.58
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.55
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.52
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.51
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.51
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.50
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.48
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.47
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.47
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.47
OFSSOOFS Capital Corp$341MN/AN/A-0.46
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.46
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.45
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.44
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.43
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.42

ETFs that lowly correlated with FNX

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.97
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.96
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.96
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.95
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.95
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.95
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.91
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.91
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.91
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.90
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.89
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.88
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.88
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.87
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.87
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.86
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.86
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.85
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.83
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.81
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.81
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.81
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.80
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.80
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.79
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.78
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.78
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.76
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.76
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.75
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.74
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.73
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.73
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.73
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.73
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.72
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.71
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.70
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.69
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.68
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.68
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.67
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.67
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.67
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.66
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.66
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.66
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.64
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.64
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.63
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.61
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.60
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.60
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.60
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.59
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.59
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.59
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.59
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.59
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.55
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.55
OILDBank of Montreal$53MN/ANov 8, 2021-0.54
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.54
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.53
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.52
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.51
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.51
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.51
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.49
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.49
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.48
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.48
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.47
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.44
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.44
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.44
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.43
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.43
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.43
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.42
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.42