31 Stocks and 69 ETFs for diversifying FSMB (FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF)
The least correlated asset to FSMB (FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.747.
Stocks that lowly correlated with FSMB
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.74 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.70 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.63 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.62 |
| ETOR | Etoro Group Ltd - Class A | $3.64B | Financial Services | Capital Markets | -0.62 |
| SLDE | Slide Insurance Holdings Inc | $2.20B | Financial Services | Insurance - Property & Casualty | -0.60 |
| GIBO | GIBO Holdings Ltd | $42M | Communication Services | Internet Content & Information | -0.55 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.54 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.52 |
| IPCX | Inflection Point Acquisition Corp III - Class A | $261M | Financial Services | Shell Companies | -0.51 |
| IBTA | Ibotta Inc - Class A | $819M | Technology | Software - Application | -0.51 |
| UYSC | UY Scuti Acquisition Corp | $73M | Financial Services | Shell Companies | -0.50 |
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.50 |
| TLX | Telix Pharmaceuticals Ltd | $3.30B | Healthcare | Biotechnology | -0.48 |
| CBIO | Crescent Biopharma Inc | $573M | Healthcare | Biotechnology | -0.48 |
| LCCC | Lakeshore Acquisition III Corp | $72M | Financial Services | Shell Companies | -0.48 |
| RAAQ | Real Asset Acquisition Corp - Class A | $196M | Financial Services | Shell Companies | -0.48 |
| LGPS | LogProstyle Inc | $16M | Industrials | Conglomerates | -0.48 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.47 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.47 |
| SAFX | XCF Global Inc | $126M | Utilities | Utilities - Renewable | -0.46 |
| LION | Lionsgate Studios Corp - New | $3.99B | Financial Services | Shell Companies | -0.45 |
| OMSE | OMS Energy Technologies Inc | $201M | Energy | Oil & Gas Equipment & Services | -0.45 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.45 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.44 |
| RAL | Ralliant Corporation | $6.99B | N/A | N/A | -0.43 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.42 |
| EQT | EQT Corp | $34B | Energy | Oil & Gas E&p | -0.41 |
| ATPC | Agape ATP Corp | $2.85M | Consumer Defensive | Packaged Foods | -0.41 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.40 |
| EXE | Chesapeake Energy Corp - New | $22B | Energy | Oil & Gas E&p | -0.40 |