27 Stocks and 73 ETFs for diversifying HDMV (FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF)
The least correlated asset to HDMV (FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF) is ETF EFZ (ProShares Short MSCI EAFE -1X Shares). The correlation is -0.8933.
Stocks that lowly correlated with HDMV
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.67 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.65 |
| CSAI | Cloudastructure Inc - Class A | $8.98M | Technology | Software - Infrastructure | -0.63 |
| OMDA | Omada Health Inc | $975M | Healthcare | Health Information Services | -0.61 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.60 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.60 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.56 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.53 |
| TWNP | Twin Hospitality Group Inc. Class A Common Stock | $4.08M | Consumer Cyclical | Restaurants | -0.52 |
| NMAX | Newsmax Inc Class B | $1B | Communication Services | Broadcasting | -0.52 |
| OTF | Blue Owl Technology Finance Corp | $4.94B | Financial Services | Asset Management | -0.51 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.48 |
| DEC | N/A | $1.05B | Energy | Oil & Gas Integrated | -0.47 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.46 |
| LSH | Lakeside Holding Ltd | $20M | Industrials | Integrated Freight & Logistics | -0.46 |
| KBSX | FST Corp | $59M | Basic Materials | Steel | -0.46 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.44 |
| DXYZ | Destiny Tech100 Inc | $629M | Financial Services | Asset Management | -0.44 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.44 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.43 |
| AII | American Integrity Insurance Group Inc | $328M | Financial Services | Insurance - Property & Casualty | -0.42 |
| VCKAU | Scilex Holding Company - Units (1 Ord & 1/2 War) | $37M | N/A | N/A | -0.42 |
| UMAC | Unusual Machines Inc | $900M | Technology | Computer Hardware | -0.42 |
| AIRJ | Montana Technologies Corp Cl A | $327M | Industrials | Building Products & Equipment | -0.41 |
| SMXT | SolarMax Technology Inc | $31M | Technology | Solar | -0.41 |
| AIRJW | Montana Technologies Corp Wt Exp | $1.88M | N/A | N/A | -0.41 |
| DXF | N/A | $2.89M | Financial Services | Credit Services | -0.40 |