29 Stocks and 71 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 JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.
Stocks that lowly correlated with HSMV
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.65 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.55 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.55 |
| OMDA | Omada Health Inc | $975M | Healthcare | Health Information Services | -0.54 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.50 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.48 |
| AII | American Integrity Insurance Group Inc | $328M | Financial Services | Insurance - Property & Casualty | -0.46 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.46 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.46 |
| TWNP | Twin Hospitality Group Inc. Class A Common Stock | $4.08M | Consumer Cyclical | Restaurants | -0.45 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.42 |
| SDHIR | Siddhi Acquisition Corp | $1.38M | N/A | N/A | -0.40 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.40 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.40 |
| PN | Skycorp Solar Group Ltd - Series A | $100M | Technology | Solar | -0.40 |
| BDMD | Baird Medical Investment Holdings Ltd . | $44M | Healthcare | Medical Devices | -0.40 |
| OTF | Blue Owl Technology Finance Corp | $4.94B | Financial Services | Asset Management | -0.40 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.39 |
| BMGL | Basel Medical Group Ltd | $11M | Healthcare | Medical Care Facilities | -0.39 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $54M | Financial Services | Shell Companies | -0.39 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.39 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.38 |
| GNLX | Genelux Corp | $137M | Healthcare | Biotechnology | -0.38 |
| RAAQ | Real Asset Acquisition Corp - Class A | $196M | Financial Services | Shell Companies | -0.38 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.38 |
| LGPS | LogProstyle Inc | $16M | Industrials | Conglomerates | -0.36 |
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.36 |
| EDHL | Everbright Digital Holding Ltd | $4.80M | Communication Services | Advertising Agencies | -0.36 |
| PC | Premium Catering (Holdings) Ltd | $30M | Industrials | Specialty Business Services | -0.35 |