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High CorrelationLow Correlation

24 Stocks and 76 ETFs for diversifying HSMV (FIRST TRUST HORIZON MANAGED VOLATILITY SMALL/MID ETF)

The least correlated asset to HSMV (FIRST TRUST HORIZON MANAGED VOLATILITY SMALL/MID ETF) is ETF EMEM (SOPHUS CAPITAL EMERGING MARKET ETF). The correlation is -0.9481.

Stocks that lowly correlated with HSMV

SymbolName
Market cap
SectorIndustry
Correlation
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.67
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.64
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.56
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.55
GTERRGloba Terra Acquisition Corporation Rights$407KN/AN/A-0.53
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.51
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.51
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.50
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.49
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.48
OFSSOOFS Capital Corp$341MN/AN/A-0.47
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.46
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.45
CCCXChurchill Capital Corp X - Class A$570MFinancial ServicesShell Companies-0.42
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.42
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.41
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.41
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.40
BDMDBaird Medical Investment Holdings Ltd .$34MHealthcareMedical Devices-0.39
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.39
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.38
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.38
GNLXGenelux Corp$130MHealthcareBiotechnology-0.38
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.38

ETFs that lowly correlated with HSMV

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
EMEMSOPHUS CAPITAL EMERGING MARKET ETF $61M0.65%May 19, 2026-0.95
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.87
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.87
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.85
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.84
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.84
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.82
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.82
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.81
JHDGJOHN HANCOCK HEDGED EQUITY ETF $90M0.49%Apr 7, 2026-0.81
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.80
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.79
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.79
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.78
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.77
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.77
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.75
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.74
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.74
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.72
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.72
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.72
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.72
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.71
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.71
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.71
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.71
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.71
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.70
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.67
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.67
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.64
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.63
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.60
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.58
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.58
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.56
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.56
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.55
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.53
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.53
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.53
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.52
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.50
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.49
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.49
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.49
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.49
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.48
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.48
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.47
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.46
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.46
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.45
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.45
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.44
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.44
BAIGLEVERAGE SHARES 2X LONG BBAI DAILY ETF $14MN/AAug 20, 2025-0.44
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.44
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $23MN/AApr 24, 2025-0.44
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.44
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.44
RGTUTRADR 2X LONG RGTI DAILY ETF $14MN/AJun 23, 2025-0.44
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.43
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.41
TRSYXTRACKERS US 0-1 YEAR TREASURY ETF $68M0.06%Oct 8, 2024-0.41
GLXUT-REX 2X LONG GLXY DAILY TARGET ETF $18MN/AAug 7, 2025-0.40
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.40
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.39
MSFWROUNDHILL MSFT WEEKLYPAY ETF $27MN/AJul 23, 2025-0.39
GLGGLEVERAGE SHARES 2X LONG GLXY DAILY ETF $2.80MN/AAug 20, 2025-0.39
QPUXDefiance 2X Daily Long Pure Quantum ETF$53MN/AAug 6, 2025-0.39
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.38
COYYGRANITESHARES YIELDBOOST COIN ETF $21M1.07%Jul 28, 2025-0.38