30 Stocks and 70 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 -0.9139.
Stocks that lowly correlated with FXZ
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.55 |
| BGM | Qilian International Holding Group Ltd - Class A | $7.45M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.52 |
| APUS | Apimeds Pharmaceuticals US Inc | $1.82M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.51 |
| DAIC | CID HoldCo Inc | $5.39M | Technology | Information Technology Services | -0.49 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $54M | Financial Services | Shell Companies | -0.48 |
| AII | American Integrity Insurance Group Inc | $328M | Financial Services | Insurance - Property & Casualty | -0.48 |
| DGNX | Diginex Ltd | $31M | Industrials | Consulting Services | -0.46 |
| EPWK | EPWK Holdings Ltd - Class A | $9.78K | Technology | Software - Application | -0.44 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.43 |
| MENS | Jyong Biotech Ltd | $164M | Healthcare | Biotechnology | -0.42 |
| SAFX | XCF Global Inc | $126M | Utilities | Utilities - Renewable | -0.40 |
| BMGL | Basel Medical Group Ltd | $11M | Healthcare | Medical Care Facilities | -0.40 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.40 |
| DBTX | Decibel Therapeutics Inc | $123M | N/A | N/A | -0.40 |
| NTCL | NetClass Technology Inc - Class A | $8.13M | Technology | Software - Application | -0.39 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.38 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.38 |
| BOW | Bowhead Specialty Holdings Inc | $886M | Financial Services | Insurance - Property & Casualty | -0.38 |
| WAY | Waystar Holding Corp | $3.65B | Healthcare | Health Information Services | -0.38 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.38 |
| ZYBT | Zhengye Biotechnology Holding Ltd | $41M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.37 |
| NTWOU | Newbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $183M | Financial Services | Shell Companies | -0.36 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.36 |
| OMDA | Omada Health Inc | $975M | Healthcare | Health Information Services | -0.35 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.35 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.35 |
| TWNP | Twin Hospitality Group Inc. Class A Common Stock | $4.08M | Consumer Cyclical | Restaurants | -0.35 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.34 |
| PTLE | PTL Ltd | $70M | Consumer Cyclical | Specialty Retail | -0.34 |
| INHD | Inno Holdings Inc | $9.59M | Basic Materials | Steel | -0.33 |