13 Stocks and 87 ETFs for diversifying FTXG (FIRST TRUST NASDAQ FOOD & BEVERAGE ETF)
The least correlated asset to FTXG (FIRST TRUST NASDAQ FOOD & BEVERAGE ETF) is ETF SZK (ProShares UltraShort Consumer Staples). The correlation is -0.801.
Stocks that lowly correlated with FTXG
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TWNP | Twin Hospitality Group Inc. Class A Common Stock | $4.08M | Consumer Cyclical | Restaurants | -0.70 |
| SSEAU | Starry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts) | $19M | Financial Services | Shell Companies | -0.65 |
| APUS | Apimeds Pharmaceuticals US Inc | $8.51M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.57 |
| OTF | Blue Owl Technology Finance Corp | $4.79B | Financial Services | Asset Management | -0.57 |
| HTFL | Heartflow Inc | $2.35B | Healthcare | Health Information Services | -0.55 |
| LSH | Lakeside Holding Ltd | $12M | Industrials | Integrated Freight & Logistics | -0.53 |
| THH | TryHard Holdings Ltd | $12M | Industrials | Specialty Business Services | -0.51 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.49 |
| HPLTU | Home Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $79M | N/A | N/A | -0.48 |
| NMPAU | NMP Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $35M | Financial Services | Shell Companies | -0.47 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.47 |
| LSE | Leishen Energy Holding Co Ltd | $78M | Energy | Oil & Gas Equipment & Services | -0.47 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.47 |