Overview Holdings Performance Dividends Similar Etfs Correlations

71 Stocks and 29 ETFs for diversifying LALT (FIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF)

The least correlated asset to LALT (FIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with LALT

Symbol	Name	Market cap	Sector	Industry	Correlation
LIONU	Lionheart III Corp - Units (1 Ord Share Class A & 1/2 War)	$113M	N/A	N/A	-1.00
DGNU	Dragoneer Growth Opportunities Corp III - Class A	$538M	N/A	N/A	-1.00
COWNL	Cowen Inc	$796M	N/A	N/A	-1.00
JMACU	Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)	$150M	N/A	N/A	-1.00
JUGGU	Jaws Juggernaut Acquisition Corp - Units (1 Ord Share Class A & 1/4 War)	$285M	N/A	N/A	-0.87
FRBNU	Forbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)	$316M	N/A	N/A	-0.78
EOCW	Elliott Opportunity II Corp - Class A	$789M	N/A	N/A	-0.71
APRN	Blue Apron Holdings Inc - Class A	$100M	N/A	N/A	-0.70
LITTU	Logistics Innovation Technologies Corp - Units (1 Ord Share Class A & 1/3 War)	$349M	N/A	N/A	-0.64
BOW	Bowhead Specialty Holdings Inc	$886M	Financial Services	Insurance - Property & Casualty	-0.63
BYAH	Park Ha Biological Technology Co Ltd	$917K	Consumer Defensive	Household & Personal Products	-0.61
GORV	Lazydays Holdings Inc	$1.58M	Consumer Cyclical	Auto & Truck Dealerships	-0.60
UTAA	UTA Acquisition Corp - Class A	$61M	N/A	N/A	-0.58
GSRM	Bitcoin Depot Inc - Class A	$54M	N/A	N/A	-0.58
ELPW	Elong Power Holding Ltd	$645K	Industrials	Electrical Equipment & Parts	-0.57
TWFG	TWFG Inc - Class A	$275M	Financial Services	Insurance Brokers	-0.56
SPPI	Spectrum Pharmaceuticals Inc	$208M	N/A	N/A	-0.56
MASK	3 E Network Technology Group Ltd - Class A	$1.60M	Technology	Software - Application	-0.56
KKRT	KKR & Co. Inc	$22B	N/A	N/A	-0.56
ADALU	Anthemis Digital Acquisitions I Corp - Units (1 Ord Class A & 1/2 War)	$241M	N/A	N/A	-0.55
IROHU	CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)	$453M	N/A	N/A	-0.55
OSG	Overseas Shipholding Group Inc - Class A	$242M	Financial Services	Insurance - Specialty	-0.54
RAL	Ralliant Corporation	$6.99B	N/A	N/A	-0.54
CPSR	Gelesis Holdings Inc - Class A	$1.87B	N/A	N/A	-0.53
DBTX	Decibel Therapeutics Inc	$123M	N/A	N/A	-0.50
LITT	Logistics Innovation Technologies Corp - Class A	$349M	N/A	N/A	-0.50
CLXT	Calyxt Inc	$47M	N/A	N/A	-0.49
SLNO	Soleno Therapeutics Inc	$2.74B	Healthcare	Biotechnology	-0.49
OXUSU	Borealis Foods Inc - Units (1 Ord Class A & 1 War)	$127M	N/A	N/A	-0.49
YHGJ	Yunhong Green CTI Ltd	$8.93M	Consumer Cyclical	Packaging & Containers	-0.47
IPEXU	Inflection Point Acquisition Corp V - Units (1 Ord Cls A & 1 Rts)	$29M	Financial Services	Shell Companies	-0.46
HCAI	Huachen AI Parking Management Technology Holding Co. Ltd	$13M	Industrials	Farm & Heavy Construction Machinery	-0.46
DUET	DUET Acquisition Corp - Class A	$15M	Financial Services	Shell Companies	-0.45
ADMA	Adma Biologics Inc	$1.84B	Healthcare	Biotechnology	-0.45
LMNX	Luminex Corp	$620M	N/A	N/A	-0.44
MCTR	CTRL Group Ltd	$15M	Communication Services	Advertising Agencies	-0.44
CGCT	Cartesian Growth Corp III - Class A	$283M	Financial Services	Shell Companies	-0.44
CHYM	Chime Financial Inc - Class A	$6.59B	Technology	Software - Application	-0.43
ZYBT	Zhengye Biotechnology Holding Ltd	$41M	Healthcare	Drug Manufacturers - Specialty & Generic	-0.43
AOMD	Angel Oak Mortgage REIT Inc	$622M	N/A	N/A	-0.43
ACTU	Actuate Therapeutics Inc	$50M	Healthcare	Biotechnology	-0.43
CRVO	CervoMed Inc	$28M	Healthcare	Biotechnology	-0.43
GATE	VISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF	$425M	Financial Services	Shell Companies	-0.43
TWCBU	Bilander Acquisition Corp - Units (1 Ord Share Class A & 1/4 War)	$229M	N/A	N/A	-0.42
AACI	Armada Acquisition Corp I	$77M	Financial Services	Shell Companies	-0.42
HSPTU	Horizon Space Acquisition II Corp - Unit (1 Ordinary share & 1 Rts)	$25M	Financial Services	Shell Companies	-0.42
GATEU	Marblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)	$340M	Financial Services	Shell Companies	-0.42
OTLK	Outlook Therapeutics Inc	$61M	Healthcare	Biotechnology	-0.42
UYSCR	UY Scuti Acquisition Corp	$277K	N/A	N/A	-0.41
BRBR	Bellring Brands Inc	$1.01B	Consumer Defensive	Packaged Foods	-0.41
CRAQ	Cal Redwood Acquisition Corp	$320M	Financial Services	Shell Companies	-0.41
SMPL	Simply Good Foods Company	$1.08B	Consumer Defensive	Packaged Foods	-0.41
HPLTU	Home Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War)	$79M	N/A	N/A	-0.41
CHA	Chagee Holdings Ltd	$1.65B	Consumer Cyclical	Restaurants	-0.41
AZI	Autozi Internet Technology (Global) Ltd - Class A	$9.05M	Consumer Cyclical	Auto & Truck Dealerships	-0.40
GENVR	Gen Digital Inc	$1.02B	N/A	N/A	-0.40
JCAP	Jefferson Capital Inc	$950M	Financial Services	Credit Services	-0.39
WGRX	Wellgistics Health Inc	$7.55M	Healthcare	Pharmaceutical Retailers	-0.39
DRDBU	Roman DBDR Acquisition Corp II - Units (1 Ord Cls A & 1/2 War)	$243M	Financial Services	Shell Companies	-0.39
ATHR	Aether Holdings Inc	$43M	Technology	Software - Application	-0.39
JEM	707 Cayman Holdings Ltd	$1.99M	Consumer Cyclical	Apparel Retail	-0.38
MEOA	Minority Equality Opportunities Acquisition Inc - Class A	$114M	N/A	N/A	-0.38
ETOR	Etoro Group Ltd - Class A	$3.64B	Financial Services	Capital Markets	-0.38
BOWN	Bowen Acquisition Corp	$21M	Financial Services	Shell Companies	-0.38
EPWK	EPWK Holdings Ltd - Class A	$9.78K	Technology	Software - Application	-0.38
NTWOU	Newbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)	$183M	Financial Services	Shell Companies	-0.38
GENQU	ESGL Holdings Ltd - Units (1 Ord Share Class A & 1 War)	$99M	N/A	N/A	-0.37
HFFG	HF Foods Group Inc	$108M	Consumer Defensive	Food Distribution	-0.37
FGL	Founder Group Ltd	$2.30M	Industrials	Engineering & Construction	-0.37
RAYA	Erayak Power Solution Group Inc - Class A	$3.50M	Industrials	Electrical Equipment & Parts	-0.36
SLVRU	SilverSPAC Inc - Units (1 Ord Share Class A & 1/4 War)	$328M	N/A	N/A	-0.36

ETFs that lowly correlated with LALT

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
JHDG	WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA	$64M	0.49%	Apr 7, 2026	-1.00
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$1.10B	N/A	Nov 24, 2008	-0.61
DRIP	DIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES	$117M	N/A	May 28, 2015	-0.57
OILD	Bank of Montreal	$19M	N/A	Nov 8, 2021	-0.57
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.70M	1.01%	Oct 2, 2024	-0.56
CSCL	Direxion Daily CSCO Bull 2X ETF	$5M	N/A	Jun 24, 2025	-0.55
DUG	ProShares UltraShort Energy	$18M	N/A	Jan 30, 2007	-0.55
HGRO	HEDGEYE QUALITY GROWTH ETF	$97M	0.70%	Jun 10, 2025	-0.46
RB	ProShares Russell 2000 Dynamic Buffer ETF	$1.10M	0.58%	Jun 24, 2025	-0.45
BRKU	DIREXION DAILY BRKB BULL 2X SHARES	$58M	N/A	Dec 10, 2024	-0.45
SPYA	Twin Oak Endure ETF	$127M	0.49%	Jun 2, 2025	-0.44
BUFX	FT Vest Laddered Enhance & Moderate Buffer ETF	$12M	0.96%	Jun 24, 2025	-0.42
WTID	Bank of Montreal	$6.60M	N/A	Feb 16, 2023	-0.42
MUD	Direxion Daily MU Bear 1X Shares	$27M	1.02%	Oct 9, 2024	-0.42
GOP	UNUSUAL WHALES SUBVERSIVE REPUBLICAN TRADING ETF	$75M	0.73%	Feb 7, 2023	-0.40
LCOW	PACER S&P 500 QUALITY FCF ARISTOCRATS ETF	$23M	0.49%	May 6, 2025	-0.40
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.39
CSTK	Invesco Comstock Contrarian Equity ETF	$129M	0.35%	May 5, 2025	-0.39
BUFH	FT Vest Laddered Max Buffer ETF	$53M	0.95%	Jun 24, 2025	-0.39
MSDD	GRANITESHARES 2X SHORT MSTR DAILY ETF	$1M	N/A	Jun 9, 2025	-0.39
HBDC	Hilton BDC Corporate Bond ETF	$86M	0.39%	Jun 10, 2025	-0.39
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$68M	0.92%	Nov 5, 2021	-0.38
QCMU	Direxion Daily QCOM Bull 2X ETF	$22M	N/A	Jun 24, 2025	-0.38
SFTY	HORIZON MANAGED RISK ETF	$370M	0.77%	Jun 25, 2025	-0.38
STOX	HORIZON CORE EQUITY ETF	$132M	0.70%	Jun 25, 2025	-0.38
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.38
GIND	Goldman Sachs India Equity ETF	$157M	0.75%	Apr 1, 2025	-0.37
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.37
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$8.80M	0.95%	Oct 30, 2007	-0.36