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
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.62 |
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.61 |
| WSBK | Winchester Bancorp Inc | $121M | Financial Services | Banks - Regional | -0.59 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.56 |
| AVBC | Avidia Bancorp Inc | $407M | Financial Services | Banks - Regional | -0.49 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.49 |
| ASIC | Ategrity Specialty Holdings LLC | $1.08B | Financial Services | Insurance - Property & Casualty | -0.47 |
| GLIBA | GCI Liberty Inc - Class A | $879M | Communication Services | Telecom Services | -0.46 |
| GLIBK | GCI Liberty Inc | $877M | Communication Services | Telecom Services | -0.46 |