10 Stocks and 90 ETFs for diversifying FYC (FIRST TRUST SMALL CAP GROWTH ALPHADEX FUND)
The least correlated asset to FYC (FIRST TRUST SMALL CAP GROWTH ALPHADEX FUND) is ETF RWM (PROSHARES SHORT RUSSELL2000). The correlation is -0.9559.
Stocks that lowly correlated with FYC
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.56 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.53 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.52 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.49 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.46 |
| LWAC | LightWave Acquisition Corp - Class A | $221M | Financial Services | Shell Companies | -0.46 |
| GSHR | Gesher Acquisition Corp II - Class A | $157M | Financial Services | Shell Companies | -0.45 |
| FIGX | FIGX Capital Acquisition Corp - Class A | $159M | Financial Services | Shell Companies | -0.44 |
| UBXG | U-BX Technology Ltd | $6.42M | Communication Services | Advertising Agencies | -0.44 |
| TACH | Titan Acquisition Corp - Class A | $288M | Financial Services | Shell Companies | -0.43 |