30 Stocks and 70 ETFs for diversifying MFLX (FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF)
The least correlated asset to MFLX (FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF) is company Accelerant (ARX). The correlation is -0.8606.
Stocks that lowly correlated with MFLX
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.86 |
| CHYM | Chime Financial Inc - Class A | $8.43B | Technology | Software - Application | -0.60 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.55 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.54 |
| NYAX | Nayax Ltd | $2.63B | Technology | Software - Infrastructure | -0.53 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.53 |
| ETS | Elite Express Holding Inc - Class A | $13M | Industrials | Trucking | -0.52 |
| SDM | Smart Digital Group Ltd | $59M | Communication Services | Advertising Agencies | -0.51 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.49 |
| FLYE | Fly-E Group Inc | $3.31M | Consumer Cyclical | Auto Manufacturers | -0.48 |
| MAGH | Magnitude International Ltd | $230M | Industrials | Engineering & Construction | -0.48 |
| BLSH | Bullish | $3.80B | Technology | Software - Infrastructure | -0.48 |
| DMAA | Drugs Made In America Acquisition Corp | $246M | Financial Services | Shell Companies | -0.47 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $18M | Financial Services | Shell Companies | -0.47 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.46 |
| RAY | Raytech Holding Ltd | $8.20M | Consumer Defensive | Household & Personal Products | -0.45 |
| ETOR | Etoro Group Ltd - Class A | $3.63B | Financial Services | Capital Markets | -0.45 |
| IROHR | CN Healthy Food Tech Group Corp | $35M | N/A | N/A | -0.43 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.42 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.41 |
| YSXT | Ysx Tech Co.Ltd - Class A | $20M | Industrials | Specialty Business Services | -0.41 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.40 |
| BDMD | Baird Medical Investment Holdings Ltd . | $34M | Healthcare | Medical Devices | -0.40 |
| MH | McGraw Hill Inc | $1.95B | Consumer Defensive | Education & Training Services | -0.39 |
| MPU | Mega Matrix Inc - Class A | $13M | Communication Services | Entertainment | -0.39 |
| FLY | Firefly Aerospace Inc | $3.35B | Industrials | Aerospace & Defense | -0.39 |
| MNTN | MNTN Inc - Class A | $751M | Technology | Software - Application | -0.38 |
| EMPD | Empery Digital Inc | $98M | Consumer Cyclical | Auto Manufacturers | -0.38 |
| APADR | Enhanced Group Inc | $6.67M | N/A | N/A | -0.38 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.38 |