Overview Performance Dividends Correlations

20 Stocks and 80 ETFs for diversifying FPEI (FIRST TRUST INSTITUTIONAL PREFERRED SECURITIES AND INCOME ETF)

The least correlated asset to FPEI (FIRST TRUST INSTITUTIONAL PREFERRED SECURITIES AND INCOME ETF) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8571.

Stocks that lowly correlated with FPEI

Symbol	Name	Market cap	Sector	Industry	Correlation
PROP	Prairie Operating Co. Common Stock	$60M	Energy	Oil & Gas E&p	-0.56
TMDE	TMD Energy Ltd	$21M	Energy	Oil & Gas Midstream	-0.56
CTW	CTW Cayman - Class A	$147M	Communication Services	Electronic Gaming & Multimedia	-0.56
GNLX	Genelux Corp	$130M	Healthcare	Biotechnology	-0.55
LGPS	LogProstyle Inc	$26M	Industrials	Conglomerates	-0.53
CURX	Curanex Pharmaceuticals Inc	$6.11M	Healthcare	Biotechnology	-0.52
CRCL	Circle Internet Group Inc - Class A	$16B	Financial Services	Capital Markets	-0.51
CRE	Cre8 Enterprise Ltd Class A	$6.60M	Industrials	Specialty Business Services	-0.48
KCHV	Kochav Defense Acquisition Corp - Class A	$263M	Financial Services	Shell Companies	-0.47
NCEW	New Century Logistics (BVI) Ltd	$54M	Industrials	Integrated Freight & Logistics	-0.47
JMACU	Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)	$150M	N/A	N/A	-0.46
SAFX	XCF Global Inc	$145M	Utilities	Utilities - Renewable	-0.45
STRZ	Starz Entertainment Corp	$468M	Communication Services	Entertainment	-0.44
OYSE	Oyster Enterprises II Acquisition Corp	$268M	Financial Services	Shell Companies	-0.44
WTGUU	Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$18M	Financial Services	Shell Companies	-0.43
EPWK	EPWK Holdings Ltd - Class A	$9.78K	Technology	Software - Application	-0.42
UNCY	Unicycive Therapeutics Inc	$127M	Healthcare	Biotechnology	-0.41
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.41
HRYU	Global Interactive Technologies Inc	$760K	Communication Services	Internet Content & Information	-0.40
LION	Lionsgate Studios Corp - New	$3.99B	Financial Services	Shell Companies	-0.40

ETFs that lowly correlated with FPEI

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.86
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.83
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.82
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.81
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.80
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.80
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.80
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.79
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.79
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.79
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.79
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.79
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.78
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.78
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.78
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.78
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.78
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.77
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.77
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.77
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.77
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.77
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.76
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.75
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.74
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.73
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.72
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.71
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.71
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	$25M	N/A	Aug 8, 2025	-0.71
CRCG	LEVERAGE SHARES 2X LONG CRCL DAILY ETF	$67M	N/A	Aug 8, 2025	-0.71
SLTY	YIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF	$19M	1.25%	Aug 20, 2025	-0.70
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.70
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.70
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.69
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.68
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.68
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.67
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.67
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$82M	0.79%	Jun 28, 2024	-0.67
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.63
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.62
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.61
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.60
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.59
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.59
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.58
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.56
RBIL	F/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF	$139M	0.17%	Feb 24, 2025	-0.56
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$29M	N/A	Jul 16, 2009	-0.54
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.53
TNGY	TORTOISE ENERGY ETF	$515M	0.85%	Dec 27, 2010	-0.52
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.52
RXD	ProShares UltraShort Health Care -2x Shares	$3.20M	N/A	Jan 30, 2007	-0.52
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	$131M	N/A	May 28, 2015	-0.52
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.51
MUD	Direxion Daily MU Bear 1X Shares	$76M	1.02%	Oct 9, 2024	-0.51
DUG	ProShares UltraShort Energy	$27M	N/A	Jan 30, 2007	-0.51
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3.20M	N/A	Jun 16, 2009	-0.51
PFIX	SIMPLIFY INTEREST RATE HEDGE ETF	$176M	0.50%	May 10, 2021	-0.50
XLEI	STATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$40M	0.35%	Jul 29, 2025	-0.49
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$49M	N/A	Nov 6, 2008	-0.49
WTID	Bank of Montreal	$18M	N/A	Feb 16, 2023	-0.49
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$35M	0.50%	Mar 6, 2024	-0.48
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$16M	1.11%	Aug 14, 2024	-0.48
NFLW	ROUNDHILL NFLX WEEKLYPAY ETF	$6.70M	N/A	Jun 17, 2025	-0.47
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.47
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.46
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	$4.70M	N/A	May 15, 2024	-0.46
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$7.50M	1.03%	Oct 9, 2024	-0.46
USDU	WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND	$433M	0.51%	Dec 18, 2013	-0.46
SDP	ProShares UltraShort Utilities -2x Shares	$3.90M	N/A	Jan 30, 2007	-0.46
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.45
CXRN	TEUCRIUM 2X DAILY CORN ETF	$4M	N/A	Dec 12, 2024	-0.45
RISR	FOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF	$274M	1.04%	Sep 30, 2021	-0.45
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$8.20M	1.05%	Jul 23, 2024	-0.45
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$895M	N/A	Nov 24, 2008	-0.44
KMLM	KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF	$298M	0.90%	Dec 1, 2020	-0.42
OILD	Bank of Montreal	$53M	N/A	Nov 8, 2021	-0.42
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.41