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 ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7552.
Stocks that lowly correlated with MFLX
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| JEM | 707 Cayman Holdings Ltd | $1.99M | Consumer Cyclical | Apparel Retail | -0.71 |
| CHYM | Chime Financial Inc - Class A | $6.59B | Technology | Software - Application | -0.64 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.60 |
| CUPR | Cuprina Holdings (Cayman) Ltd - Class A | $5.42M | Healthcare | Medical Instruments & Supplies | -0.54 |
| MNTN | MNTN Inc - Class A | $653M | Technology | Software - Application | -0.54 |
| OMSE | OMS Energy Technologies Inc | $201M | Energy | Oil & Gas Equipment & Services | -0.54 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.53 |
| SDM | Smart Digital Group Ltd | $59M | Communication Services | Advertising Agencies | -0.53 |
| FLYE | Fly-E Group Inc | $3M | Consumer Cyclical | Auto Manufacturers | -0.52 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.50 |
| ETOR | Etoro Group Ltd - Class A | $3.64B | Financial Services | Capital Markets | -0.48 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.47 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.46 |
| DMAA | Drugs Made In America Acquisition Corp | $244M | Financial Services | Shell Companies | -0.45 |
| RAY | Raytech Holding Ltd | $9.91M | Consumer Defensive | Household & Personal Products | -0.45 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.43 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.43 |
| IROHR | CN Healthy Food Tech Group Corp | $35M | N/A | N/A | -0.43 |
| STFS | Star Fashion Culture Holdings Ltd - Class A | $903K | Communication Services | Advertising Agencies | -0.40 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.40 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.40 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.39 |
| BDMD | Baird Medical Investment Holdings Ltd . | $44M | Healthcare | Medical Devices | -0.38 |
| GET | GetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica | $88M | N/A | N/A | -0.37 |
| MPU | Mega Matrix Inc - Class A | $30M | Communication Services | Entertainment | -0.36 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.36 |
| YAAS | Youxin Technology Ltd - Class A | $8.49M | Technology | Software - Application | -0.36 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.35 |
| GSHR | Gesher Acquisition Corp II - Class A | $155M | Financial Services | Shell Companies | -0.35 |
| CTRA | Coterra Energy Inc. | $25B | Energy | Oil & Gas E&p | -0.34 |