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8 Stocks and 92 ETFs for diversifying FPX (FIRST TRUST US EQUITY OPPORTUNITIES ETF)

The least correlated asset to FPX (FIRST TRUST US EQUITY OPPORTUNITIES ETF) is ETF WEBS (DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES). The correlation is -0.8726.

Stocks that lowly correlated with FPX

SymbolName
Market cap
SectorIndustry
Correlation
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.66
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.54
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.51
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.50
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.48
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.46
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.46
IOTRiOThree Ltd$5.23MCommunication ServicesTelecom Services-0.44

ETFs that lowly correlated with FPX

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.87
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.86
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.85
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.85
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.84
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.84
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.84
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.84
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.83
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.83
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.82
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.80
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.78
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.77
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.77
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.77
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.77
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.77
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.76
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.73
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.73
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.72
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.72
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.72
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.71
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.71
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.70
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.68
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.68
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.68
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.68
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.67
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.67
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.67
FNGDBank of Montreal$68MN/AJan 22, 2018-0.66
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.66
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.65
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.64
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.64
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.64
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.63
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.63
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.63
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.62
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.62
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.62
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.61
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.61
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.61
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.61
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.61
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.61
TSLQTradr 2X Short TSLA Daily ETF$159MN/AJul 13, 2022-0.60
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.60
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.60
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.60
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.60
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.59
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.59
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.58
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.58
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.56
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.56
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $29M0.98%Dec 10, 2024-0.56
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.56
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.55
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.55
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.55
TSLSDirexion Daily TSLA Bear 1X Shares$76M0.95%Aug 8, 2022-0.55
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.54
RTXGLeverage Shares 2X Long RTX Daily ETF$4MN/AJun 5, 2025-0.53
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.53
TSLZT-Rex 2X Inverse Tesla Daily Target ETF$46MN/AOct 18, 2023-0.52
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.52
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.52
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $42MN/AAug 21, 2023-0.52
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.51
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.51
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.51
PALDDirexion Daily PANW Bear 1X Shares$2.40M1.02%Feb 10, 2025-0.50
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.50
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.50
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.48
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.48
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.48
BITIProShares Short Bitcoin ETF$187M1.01%Jun 21, 2022-0.47
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.47
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.47
WNTRYieldMax Short MSTR Option Income Strategy ETF$72M1.00%Mar 26, 2025-0.45
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.45
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.44