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9 Stocks and 91 ETFs for diversifying ILDR (FIRST TRUST INNOVATION LEADERS ETF)

The least correlated asset to ILDR (FIRST TRUST INNOVATION LEADERS ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with ILDR

SymbolName
Market cap
SectorIndustry
Correlation
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.62
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.61
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.59
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.56
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.49
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.49
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.47
GLIBAGCI Liberty Inc - Class A$879MCommunication ServicesTelecom Services-0.46
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.46

ETFs that lowly correlated with ILDR

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.96
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.95
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.93
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.92
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.90
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.89
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.89
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.88
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.85
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.81
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.81
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.79
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.79
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.77
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.76
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.76
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.75
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.75
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.74
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.73
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.72
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.72
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.72
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.70
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.70
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.70
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.70
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.69
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.69
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.69
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.69
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.67
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.66
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.66
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.66
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.65
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.65
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.65
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.64
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.62
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.62
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.61
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.61
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.61
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.61
GLDNNICHOLAS GOLD INCOME ETF $2.50M1.07%Feb 17, 2026-0.61
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.60
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.59
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.59
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.59
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.57
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.57
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.57
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.56
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.56
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.56
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.56
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.56
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.55
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.55
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.55
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.55
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.54
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.54
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.53
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.53
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.53
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.53
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.52
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.51
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.50
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.50
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.49
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.49
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.49
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.49
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.49
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.48
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.48
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.48
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.47
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.47
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.46
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.46
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.46
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.46
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.46
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.46
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.46