16 Stocks and 84 ETFs for diversifying MDEV (FIRST TRUST INDXX MEDICAL DEVICES ETF)
The least correlated asset to MDEV (FIRST TRUST INDXX MEDICAL DEVICES ETF) is ETF EMEM (SOPHUS CAPITAL EMERGING MARKET ETF). The correlation is -0.9928.
Stocks that lowly correlated with MDEV
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.64 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $18M | Financial Services | Shell Companies | -0.64 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.58 |
| DFSC | DEFSEC Technologies Inc Com | $3.99M | Industrials | Aerospace & Defense | -0.57 |
| JLHL | Julong Holding Ltd - Class A | $219M | Industrials | Building Products & Equipment | -0.57 |
| TDIC | Dreamland Ltd | $17M | Communication Services | Advertising Agencies | -0.56 |
| APADR | Enhanced Group Inc | $6.67M | N/A | N/A | -0.54 |
| BMGL | Basel Medical Group Ltd | $9.61M | Healthcare | Medical Care Facilities | -0.54 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.53 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.52 |
| CURX | Curanex Pharmaceuticals Inc | $6.11M | Healthcare | Biotechnology | -0.52 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.49 |
| BUUU | BUUU Group Ltd - Class A | $293M | Industrials | Specialty Business Services | -0.45 |
| UYSC | UY Scuti Acquisition Corp | $74M | Financial Services | Shell Companies | -0.45 |
| RAAQU | Real Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $65M | Financial Services | Shell Companies | -0.45 |
| TVAIU | Thayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts) | $9.15M | Financial Services | Shell Companies | -0.44 |