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49 Stocks and 51 ETFs for diversifying FTSM (FIRST TRUST ENHANCED SHORT MATURITY ETF)

The least correlated asset to FTSM (FIRST TRUST ENHANCED SHORT MATURITY ETF) is ETF TAPR (Barclays Bank). The correlation is -0.8154.

Stocks that lowly correlated with FTSM

SymbolName
Market cap
SectorIndustry
Correlation
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.65
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.64
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.60
SLDESlide Insurance Holdings Inc$2.32BFinancial ServicesInsurance - Property & Casualty-0.59
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.59
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.57
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.55
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.55
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.55
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.54
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.53
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.53
TLXTelix Pharmaceuticals Ltd$3.82BHealthcareBiotechnology-0.51
PEWGrabAGun Digital Holdings Inc$75MIndustrialsAerospace & Defense-0.51
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.50
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.48
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.47
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.47
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.47
ULYUrgent.ly Inc$12MTechnologySoftware - Application-0.46
CHRDChord Energy Corp - New$6.95BEnergyOil & Gas E&p-0.46
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.45
IBTAIbotta Inc - Class A$753MTechnologySoftware - Application-0.45
SIShoulder Innovations Inc$452MN/AN/A-0.45
PNSkycorp Solar Group Ltd - Series A$91MTechnologySolar-0.44
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.44
STAKStak Inc$55MEnergyOil & Gas Equipment & Services-0.44
FSHPFlag Ship Acquisition Corp$58MFinancial ServicesShell Companies-0.44
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.43
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.43
GBRGSunCar Technology Group Inc$11MN/AN/A-0.43
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.42
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.42
APADREnhanced Group Inc$6.67MN/AN/A-0.42
ROMARoma Green Finance Ltd$438MIndustrialsConsulting Services-0.41
EXEExpand Energy Corporation$21BEnergyOil & Gas E&p-0.41
DECN/A$961MEnergyOil & Gas Integrated-0.41
CSAICloudastructure Inc - Class A$7.44MTechnologySoftware - Infrastructure-0.40
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.40
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.40
BOLDBoundless Bio Inc$55MHealthcareBiotechnology-0.40
TRSGTungray Technologies Inc - Class A$22MIndustrialsMetal Fabrication-0.38
NCINeo Concept International Group Holdings Ltd$48MConsumer CyclicalApparel Manufacturing-0.38
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.37
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.37
RAAQReal Asset Acquisition Corp - Class A$231MFinancial ServicesShell Companies-0.37
OKURReneo Pharmaceuticals Inc - Class A$59MHealthcareBiotechnology-0.37
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.37
WTGWintergreen Acquisition Corp$58MFinancial ServicesShell Companies-0.37

ETFs that lowly correlated with FTSM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.82
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.62
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.57
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.54
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.54
WXETTEUCRIUM 2X DAILY WHEAT ETF $7MN/ADec 12, 2024-0.54
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.54
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.54
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.52
CMCIVANECK CMCI COMMODITY STRATEGY ETF $2.70M0.67%Aug 21, 2023-0.52
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.50
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.49
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.49
BWETBreakwave Tanker Shipping ETF$17M3.50%May 1, 2023-0.49
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.48
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.46
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.46
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.45
DCMTDOUBLELINE COMMODITY STRATEGY ETF $36M0.66%Jan 31, 2024-0.45
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.45
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.44
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.44
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.44
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.44
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.44
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.44
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.44
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.44
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.44
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.44
PITVANECK COMMODITY STRATEGY ETF $260M0.55%Dec 20, 2022-0.43
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.43
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.42
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.42
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.42
USOYDEFIANCE OIL ENHANCED OPTIONS INCOME ETF $56M1.12%May 9, 2024-0.42
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.42
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.41
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.41
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.41
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.41
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.40
CMDTPIMCO COMMODITY STRATEGY ACTIVE EXCHANGE-TRADED FUND $751M0.65%May 9, 2023-0.39
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.39
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.38
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.38
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.38
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.38
OILTTexas Capital Texas Oil Index ETF$12M0.35%Dec 20, 2023-0.37
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.37