12 Stocks and 88 ETFs for diversifying FTSL (FIRST TRUST SENIOR LOAN FUND)
The least correlated asset to FTSL (FIRST TRUST SENIOR LOAN FUND) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8367.
Stocks that lowly correlated with FTSL
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.68 |
| BUUU | BUUU Group Ltd - Class A | $293M | Industrials | Specialty Business Services | -0.62 |
| WSBK | Winchester Bancorp Inc | $121M | Financial Services | Banks - Regional | -0.62 |
| NCI | Neo Concept International Group Holdings Ltd | $48M | Consumer Cyclical | Apparel Manufacturing | -0.56 |
| VNMEU | Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War) | $52M | Financial Services | Shell Companies | -0.53 |
| INACU | Indigo Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $34M | Financial Services | Shell Companies | -0.52 |
| ALM | Alma Metals Limited | $3.90B | Basic Materials | Other Industrial Metals & Mining | -0.52 |
| KG | KING PHARMACEUTICALS INC | $77M | Financial Services | Insurance - Reinsurance | -0.49 |
| LINE | Lineage Inc | $9.99B | Real Estate | Reit - Industrial | -0.48 |
| LNKS | Linkers Industries Ltd - Class A | $16M | Industrials | Electrical Equipment & Parts | -0.47 |
| GTERU | Globa Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts) | $53M | Financial Services | Shell Companies | -0.46 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.45 |