32 Stocks and 68 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 company CTW Cayman (CTW). The correlation is -0.8218.
Stocks that lowly correlated with FSMB
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.82 |
| APADR | Enhanced Group Inc | $6.67M | N/A | N/A | -0.67 |
| ETOR | Etoro Group Ltd - Class A | $3.63B | Financial Services | Capital Markets | -0.62 |
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.60 |
| SLDE | Slide Insurance Holdings Inc | $2.32B | Financial Services | Insurance - Property & Casualty | -0.57 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.57 |
| BLSH | Bullish | $3.80B | Technology | Software - Infrastructure | -0.55 |
| EMPD | Empery Digital Inc | $98M | Consumer Cyclical | Auto Manufacturers | -0.54 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.54 |
| FIG | Figma Inc - Class A | $12B | Technology | Software - Application | -0.52 |
| IPCX | Inflection Point Acquisition Corp III - Class A | $263M | Financial Services | Shell Companies | -0.52 |
| IBTA | Ibotta Inc - Class A | $753M | Technology | Software - Application | -0.51 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $18M | Financial Services | Shell Companies | -0.50 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.50 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.50 |
| CHA | Chagee Holdings Ltd | $1.84B | Consumer Cyclical | Restaurants | -0.49 |
| TLX | Telix Pharmaceuticals Ltd | $3.82B | Healthcare | Biotechnology | -0.48 |
| NYAX | Nayax Ltd | $2.63B | Technology | Software - Infrastructure | -0.47 |
| SAFX | XCF Global Inc | $145M | Utilities | Utilities - Renewable | -0.46 |
| NCEW | New Century Logistics (BVI) Ltd | $54M | Industrials | Integrated Freight & Logistics | -0.46 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.46 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.46 |
| SSEAU | Starry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts) | $19M | Financial Services | Shell Companies | -0.46 |
| CBIO | N/A | $432M | Healthcare | Biotechnology | -0.46 |
| UYSC | UY Scuti Acquisition Corp | $74M | Financial Services | Shell Companies | -0.46 |
| KCHV | Kochav Defense Acquisition Corp - Class A | $263M | Financial Services | Shell Companies | -0.45 |
| LGPS | LogProstyle Inc | $26M | Industrials | Conglomerates | -0.45 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.45 |
| DFSC | DEFSEC Technologies Inc Com | $3.99M | Industrials | Aerospace & Defense | -0.45 |
| GTERA | Globa Terra Acquisition Corporation Class A | $246M | Financial Services | Shell Companies | -0.44 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.44 |
| LCCC | Lakeshore Acquisition III Corp | $72M | Financial Services | Shell Companies | -0.43 |