34 Stocks and 66 ETFs for diversifying FXZ (FIRST TRUST MATERIALS ALPHADEX FUND)
The least correlated asset to FXZ (FIRST TRUST MATERIALS ALPHADEX FUND) is ETF SMN (ProShares UltraShort Materials). The correlation is -0.9092.
Stocks that lowly correlated with FXZ
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| LHAI | Linkhome Holdings Inc | $19M | Real Estate | Real Estate Services | -0.67 |
| ONCHU | 1RT Acquisition Corp - Units (1 Ord Cls A & 1 War) | $39M | Financial Services | Shell Companies | -0.66 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.66 |
| ORIQU | Origin Investment Corp I - Units (1 Ord Cls & 1/2 War) | $22M | Financial Services | Shell Companies | -0.63 |
| ELOG | Eastern International Ltd | $9.59M | Industrials | Integrated Freight & Logistics | -0.57 |
| BACC | Blue Acquisition Corp - Class A | $214M | Financial Services | Shell Companies | -0.57 |
| GIBO | GIBO Holdings Ltd | $106M | Communication Services | Internet Content & Information | -0.52 |
| RAAQ | Real Asset Acquisition Corp - Class A | $231M | Financial Services | Shell Companies | -0.52 |
| AII | American Integrity Insurance Group Inc | $358M | Financial Services | Insurance - Property & Casualty | -0.52 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.52 |
| OMDA | Omada Health Inc | $1.41B | Healthcare | Health Information Services | -0.50 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.50 |
| HNGE | Hinge Health Inc - Class A | $6.74B | Healthcare | Health Information Services | -0.50 |
| TACH | Titan Acquisition Corp - Class A | $288M | Financial Services | Shell Companies | -0.49 |
| BGM | Qilian International Holding Group Ltd - Class A | $7.45M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.48 |
| RYOJ | rYojbaba Co. Ltd | $51M | Industrials | Consulting Services | -0.48 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $213M | Financial Services | Shell Companies | -0.47 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.46 |
| DGNX | Diginex Ltd | $28M | Industrials | Consulting Services | -0.45 |
| EPWK | EPWK Holdings Ltd - Class A | $9.78K | Technology | Software - Application | -0.44 |
| WAY | Waystar Holding Corp | $4.35B | Healthcare | Health Information Services | -0.44 |
| BOW | Bowhead Specialty Holdings Inc | $982M | Financial Services | Insurance - Property & Casualty | -0.44 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.43 |
| DAIC | CID HoldCo Inc | $40M | Technology | Information Technology Services | -0.43 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.43 |
| LGPS | LogProstyle Inc | $26M | Industrials | Conglomerates | -0.43 |
| SAFX | XCF Global Inc | $145M | Utilities | Utilities - Renewable | -0.42 |
| LWAC | LightWave Acquisition Corp - Class A | $221M | Financial Services | Shell Companies | -0.41 |
| BMGL | Basel Medical Group Ltd | $9.61M | Healthcare | Medical Care Facilities | -0.41 |
| PTLE | PTL Ltd | $70M | Consumer Cyclical | Specialty Retail | -0.40 |
| DBTX | Decibel Therapeutics Inc | $123M | N/A | N/A | -0.40 |
| ASIC | Ategrity Specialty Holdings LLC | $1.08B | Financial Services | Insurance - Property & Casualty | -0.39 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.38 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.38 |