10 Stocks and 90 ETFs for diversifying FNY (FIRST TRUST MID CAP GROWTH ALPHADEX FUND)
The least correlated asset to FNY (FIRST TRUST MID CAP GROWTH ALPHADEX FUND) is ETF RWM (PROSHARES SHORT RUSSELL2000). The correlation is -0.9333.
Stocks that lowly correlated with FNY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.59 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.58 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.57 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.55 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.54 |
| LWAC | LightWave Acquisition Corp - Class A | $221M | Financial Services | Shell Companies | -0.53 |
| GSHR | Gesher Acquisition Corp II - Class A | $157M | Financial Services | Shell Companies | -0.51 |
| MAMK | MaxsMaking Inc - Class A | $195M | Industrials | Conglomerates | -0.47 |
| TACH | Titan Acquisition Corp - Class A | $288M | Financial Services | Shell Companies | -0.42 |
| UBXG | U-BX Technology Ltd | $6.42M | Communication Services | Advertising Agencies | -0.41 |