Overview Holdings Performance Similar Etfs Correlations

20 Stocks and 80 ETFs for diversifying MDEV (FIRST TRUST INDXX MEDICAL DEVICES ETF)

The least correlated asset to MDEV (FIRST TRUST INDXX MEDICAL DEVICES ETF) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with MDEV

Symbol	Name	Market cap	Sector	Industry	Correlation
WTGUU	Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$20M	Financial Services	Shell Companies	-0.72
BMGL	Basel Medical Group Ltd	$11M	Healthcare	Medical Care Facilities	-0.64
CRCL	Circle Internet Group Inc - Class A	$25B	Financial Services	Capital Markets	-0.61
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.61
TMDE	TMD Energy Ltd	$18M	Energy	Oil & Gas Midstream	-0.59
RAAQ	Real Asset Acquisition Corp - Class A	$196M	Financial Services	Shell Companies	-0.55
CDTG	CDT Environmental Technology Investment Holdings Ltd	$3.77M	Industrials	Waste Management	-0.53
STRZ	Starz Entertainment Corp	$380M	Communication Services	Entertainment	-0.53
DFSC	DEFSEC Technologies Inc Com	$8.73M	Industrials	Aerospace & Defense	-0.51
STAK	Stak Inc	$17M	Energy	Oil & Gas Equipment & Services	-0.50
WETO	Webus International Ltd	$11M	Technology	Software - Infrastructure	-0.50
EQV	EQV Ventures Acquisition Corp.	$466M	Financial Services	Shell Companies	-0.49
SAFX	XCF Global Inc	$126M	Utilities	Utilities - Renewable	-0.49
IBAC	IB Acquisition Corp	$46M	Financial Services	Shell Companies	-0.49
JLHL	Julong Holding Ltd - Class A	$457M	Industrials	Building Products & Equipment	-0.48
HNGE	Hinge Health Inc - Class A	$4.21B	Healthcare	Health Information Services	-0.42
HMR	Sports Properties Acquisition Corp	$73M	Industrials	Marine Shipping	-0.42
EPWK	EPWK Holdings Ltd - Class A	$9.78K	Technology	Software - Application	-0.42
UYSC	UY Scuti Acquisition Corp	$73M	Financial Services	Shell Companies	-0.40
RAAQU	Real Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)	$69M	Financial Services	Shell Companies	-0.39

ETFs that lowly correlated with MDEV

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
SJB	PROSHARES SHORT HIGH YIELD	$103M	0.95%	Mar 21, 2011	-0.82
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$932K	N/A	Oct 23, 2007	-0.75
TNGY	TORTOISE ENERGY ETF	$600M	0.85%	Dec 27, 2010	-0.75
EFZ	ProShares Short MSCI EAFE -1X Shares	$16M	0.95%	Oct 23, 2007	-0.75
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.74
DXD	PROSHARES ULTRASHORT DOW30	$51M	N/A	Jul 11, 2006	-0.74
EPV	ProShares UltraShort FTSE Europe -2X Shares	$14M	N/A	Jun 16, 2009	-0.72
SDS	ProShares UltraShort S&P500 -2x Shares	$443M	N/A	Jul 11, 2006	-0.72
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$220M	0.48%	Jun 8, 2016	-0.72
SH	ProShares Short S&P500 -1x Shares	$1.20B	0.89%	Jun 19, 2006	-0.71
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.71
REK	PROSHARES SHORT REAL ESTATE	$12M	0.95%	Mar 16, 2010	-0.70
SIJ	ProShares UltraShort Industrials -2x Shares	$6.20M	N/A	Jan 30, 2007	-0.70
SRS	ProShares UltraShort Real Estate -2x Shares	$17M	N/A	Jan 30, 2007	-0.69
SEF	ProShares Short Financials -1x Shares	$18M	0.95%	Jun 10, 2008	-0.68
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.68
MZZ	PROSHARES ULTRASHORT MIDCAP400	$734K	N/A	Jul 11, 2006	-0.68
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$2.90M	0.65%	Nov 14, 2017	-0.67
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.50M	N/A	Apr 6, 2010	-0.67
RXD	ProShares UltraShort Health Care -2x Shares	$4.90M	N/A	Jan 30, 2007	-0.66
SKF	ProShares UltraShort Financials -2x Shares	$16M	N/A	May 23, 2007	-0.66
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.66
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$9M	6.22%	Jul 10, 2018	-0.66
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$180M	N/A	Feb 9, 2010	-0.65
EWV	ProShares UltraShort MSCI Japan -2x Shares	$7.20M	N/A	Nov 6, 2007	-0.65
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.64
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$10M	N/A	Nov 7, 2019	-0.64
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.63
SCC	ProShares UltraShort Consumer Discretionary	$6.20M	N/A	Jan 30, 2007	-0.63
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.70M	1.01%	Oct 2, 2024	-0.63
UVIX	2x Long VIX Futures ETF	$499M	N/A	Mar 28, 2022	-0.62
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.60M	N/A	Jan 23, 2007	-0.62
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$19M	N/A	Nov 7, 2019	-0.62
TTT	ProShares UltraPro Short 20+ Year Treasury -3x Shares	$19M	N/A	Mar 27, 2012	-0.62
TMV	DIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES	$176M	N/A	Apr 16, 2009	-0.62
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.62
TBT	PROSHARES ULTRASHORT 20+ YEAR TREASURY	$296M	N/A	Apr 29, 2008	-0.61
PSQ	ProShares Short QQQ -1x Shares	$519M	0.95%	Jun 19, 2006	-0.61
TBF	PROSHARES SHORT 20+ YEAR TREASURY	$81M	0.95%	Aug 18, 2009	-0.61
SBB	ProShares Short SmallCap600 -1x Shares	$4.10M	0.95%	Jan 23, 2007	-0.61
REW	ProShares UltraShort Technology -2x Shares	$3.70M	N/A	Jan 30, 2007	-0.57
TYO	DIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES	$11M	N/A	Apr 16, 2009	-0.57
METD	DIREXION DAILY META BEAR 1X SHARES	$8.60M	1.02%	Jun 5, 2024	-0.57
PST	PROSHARES ULTRASHORT 7-10 YEAR TREASURY	$11M	N/A	Apr 29, 2008	-0.57
KMLM	KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF	$307M	0.90%	Dec 1, 2020	-0.56
SMN	ProShares UltraShort Materials	$3.10M	N/A	Jan 30, 2007	-0.55
TBX	PROSHARES SHORT 7-10 YEAR TREASURY	$18M	0.95%	Apr 4, 2011	-0.55
PFIX	SIMPLIFY INTEREST RATE HEDGE ETF	$210M	0.50%	May 10, 2021	-0.54
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$68M	0.92%	Nov 5, 2021	-0.53
NFLW	ROUNDHILL NFLX WEEKLYPAY ETF	$16M	N/A	Jun 17, 2025	-0.53
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$62M	0.79%	Jun 28, 2024	-0.52
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$6.90M	1.03%	Oct 9, 2024	-0.52
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.52
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$8.80M	0.95%	Oct 30, 2007	-0.51
RISR	FOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF	$228M	1.04%	Sep 30, 2021	-0.51
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$6.10M	N/A	Oct 30, 2007	-0.51
BNKD	Bank of Montreal	$1.40M	N/A	Feb 20, 2025	-0.50
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$37M	0.89%	Jan 17, 2018	-0.50
VIXM	ProShares VIX Mid-Term Futures ETF	$56M	0.92%	Jan 3, 2011	-0.50
CPII	AMERICAN BEACON IONIC INFLATION PROTECTION ETF	$11M	0.70%	Jun 28, 2022	-0.50
USDU	WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND	$396M	0.51%	Dec 18, 2013	-0.50
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.48
SDP	ProShares UltraShort Utilities -2x Shares	$4.60M	N/A	Jan 30, 2007	-0.47
NVDS	Tradr 1.5X Short NVDA Daily ETF	$23M	N/A	Jul 13, 2022	-0.47
LDRI	ISHARES IBONDS 1-5 YEAR TIPS LADDER ETF	$19M	0.10%	Nov 7, 2024	-0.47
QID	PROSHARES ULTRASHORT QQQ	$279M	N/A	Jul 11, 2006	-0.45
UUP	Invesco DB US Dollar Index Bullish Fund	$352M	0.75%	Feb 20, 2007	-0.45
YCS	ProShares UltraShort Yen -2x Shares	$28M	N/A	Nov 24, 2008	-0.44
GGOV	iShares Global Government Bond USD Hedged Active	$44M	0.39%	Jun 25, 2025	-0.44
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$33M	N/A	Jul 16, 2009	-0.44
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$9.80M	1.05%	Jul 23, 2024	-0.43
DBMF	IMGP DBI MANAGED FUTURES STRATEGY ETF	$3.50B	0.85%	May 7, 2019	-0.42
SPXU	ProShares UltraPro Short S&P 500	$562M	N/A	Jun 23, 2009	-0.42
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$14M	1.11%	Aug 14, 2024	-0.42
USOY	DEFIANCE OIL ENHANCED OPTIONS INCOME ETF	$76M	1.12%	May 9, 2024	-0.41
CTA	SIMPLIFY MANAGED FUTURES STRATEGY ETF	$1.70B	0.75%	Mar 7, 2022	-0.40
NVD	GRANITESHARES 2X SHORT NVDA DAILY ETF	$75M	N/A	Aug 21, 2023	-0.40
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$9.60M	N/A	Jan 3, 2024	-0.40
DBE	Invesco DB Energy Fund	$107M	0.75%	Jan 5, 2007	-0.39