22 Stocks and 78 ETFs for diversifying FPF (First Trust Intermediate Duration Preferred & Income Fund)
The least correlated asset to FPF (First Trust Intermediate Duration Preferred & Income Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8367.
Stocks that lowly correlated with FPF
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.64 |
| SLDE | Slide Insurance Holdings Inc | $2.20B | Financial Services | Insurance - Property & Casualty | -0.56 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.55 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.54 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.51 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.48 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.47 |
| LGPS | LogProstyle Inc | $16M | Industrials | Conglomerates | -0.47 |
| GNLX | Genelux Corp | $137M | Healthcare | Biotechnology | -0.47 |
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.47 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.47 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.46 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.46 |
| GIBO | GIBO Holdings Ltd | $42M | Communication Services | Internet Content & Information | -0.45 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.42 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.42 |
| LCCC | Lakeshore Acquisition III Corp | $72M | Financial Services | Shell Companies | -0.41 |
| AZI | Autozi Internet Technology (Global) Ltd - Class A | $9.05M | Consumer Cyclical | Auto & Truck Dealerships | -0.41 |
| SAFX | XCF Global Inc | $126M | Utilities | Utilities - Renewable | -0.40 |
| IPCX | Inflection Point Acquisition Corp III - Class A | $261M | Financial Services | Shell Companies | -0.39 |
| ATPC | Agape ATP Corp | $2.85M | Consumer Defensive | Packaged Foods | -0.38 |
| NAMI | Jinxin Technology Holding Company | $34M | Communication Services | Internet Content & Information | -0.38 |