25 Stocks and 75 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 -0.8392.
Stocks that lowly correlated with FPF
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ELOG | Eastern International Ltd | $9.59M | Industrials | Integrated Freight & Logistics | -0.58 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.56 |
| KCHV | Kochav Defense Acquisition Corp - Class A | $263M | Financial Services | Shell Companies | -0.55 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.54 |
| GTERU | Globa Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts) | $53M | Financial Services | Shell Companies | -0.51 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.50 |
| SSEAU | Starry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts) | $19M | Financial Services | Shell Companies | -0.50 |
| VNMEU | Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War) | $52M | Financial Services | Shell Companies | -0.50 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.49 |
| NCEW | New Century Logistics (BVI) Ltd | $54M | Industrials | Integrated Freight & Logistics | -0.48 |
| GTERR | Globa Terra Acquisition Corporation Rights | $407K | N/A | N/A | -0.47 |
| GNLX | Genelux Corp | $130M | Healthcare | Biotechnology | -0.47 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.47 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.46 |
| GTERA | Globa Terra Acquisition Corporation Class A | $246M | Financial Services | Shell Companies | -0.45 |
| LCCC | Lakeshore Acquisition III Corp | $72M | Financial Services | Shell Companies | -0.45 |
| CHA | Chagee Holdings Ltd | $1.84B | Consumer Cyclical | Restaurants | -0.45 |
| FIG | Figma Inc - Class A | $12B | Technology | Software - Application | -0.43 |
| DFSC | DEFSEC Technologies Inc Com | $3.99M | Industrials | Aerospace & Defense | -0.43 |
| NYAX | Nayax Ltd | $2.63B | Technology | Software - Infrastructure | -0.42 |
| AZI | Autozi Internet Technology (Global) Ltd - Class A | $9.05M | Consumer Cyclical | Auto & Truck Dealerships | -0.41 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.41 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.41 |
| LGPS | LogProstyle Inc | $26M | Industrials | Conglomerates | -0.40 |
| CV | CapsoVision Inc | $315M | Healthcare | Medical Devices | -0.40 |