9 Stocks and 91 ETFs for diversifying FXL (FIRST TRUST TECHNOLOGY ALPHADEX FUND)
The least correlated asset to FXL (FIRST TRUST TECHNOLOGY ALPHADEX FUND) is ETF AIBD (Direxion Daily AI and Big Data Bear 2X ETF). The correlation is -0.9167.
Stocks that lowly correlated with FXL
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.68 |
| GLIBK | GCI Liberty Inc | $877M | Communication Services | Telecom Services | -0.64 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.56 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.56 |
| APADU | A Paradise Acquisition Corp Unit | $67M | Financial Services | Shell Companies | -0.56 |
| GSHR | Gesher Acquisition Corp II - Class A | $157M | Financial Services | Shell Companies | -0.51 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.50 |
| JCAP | Jefferson Capital Inc | $1.06B | Financial Services | Credit Services | -0.50 |
| UBXG | U-BX Technology Ltd | $6.42M | Communication Services | Advertising Agencies | -0.46 |