Overview Holdings Performance Dividends Similar Etfs Correlations

50 Stocks and 50 ETFs for diversifying MISL (FIRST TRUST INDXX AEROSPACE & DEFENSE ETF)

The least correlated asset to MISL (FIRST TRUST INDXX AEROSPACE & DEFENSE ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with MISL

Symbol	Name	Market cap	Sector	Industry	Correlation
VCKAU	Scilex Holding Company - Units (1 Ord & 1/2 War)	$37M	N/A	N/A	-1.00
NOAC	Natural Order Acquisition Corp	$289M	N/A	N/A	-1.00
NOACU	Natural Order Acquisition Corp - Units (1 Ord & 1 War)	$289M	N/A	N/A	-1.00
FLAC	Frazier Lifesciences Acquisition Corp - Class A	$175M	N/A	N/A	-1.00
JMACU	Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)	$150M	N/A	N/A	-0.85
NDAC	NightDragon Acquisition Corp - Class A	$445M	N/A	N/A	-0.85
NDACU	NightDragon Acquisition Corp - Units (1 Ord Share Class A & 1/5 War)	$444M	N/A	N/A	-0.77
DGNU	Dragoneer Growth Opportunities Corp III - Class A	$538M	N/A	N/A	-0.73
ASIC	Ategrity Specialty Holdings LLC	$1.08B	Financial Services	Insurance - Property & Casualty	-0.66
SCAQU	Stratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)	$286M	N/A	N/A	-0.65
OHPAU	Orion Acquisition Corp - Units (1 Ord Share Class A & 1/4 War)	$417M	N/A	N/A	-0.63
VCXA	10X Capital Venture Acquisition Corp II - Class A	$86M	N/A	N/A	-0.63
NVSAU	New Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)	$350M	N/A	N/A	-0.63
SAFX	XCF Global Inc	$145M	Utilities	Utilities - Renewable	-0.60
SOCAU	Solarius Capital Acquisition Corp Units	$179M	Financial Services	Shell Companies	-0.56
WWACU	Aeries Technology Inc - Units (1 Ord Class A & 1/2 War)	$41M	N/A	N/A	-0.52
WYHG	Wing Yip Food Holdings Group Ltd	$59M	Consumer Defensive	Packaged Foods	-0.52
HRYU	Global Interactive Technologies Inc	$760K	Communication Services	Internet Content & Information	-0.52
AMAO	American Acquisition Opportunity Inc - Class A	$118M	N/A	N/A	-0.52
LITT	Logistics Innovation Technologies Corp - Class A	$349M	N/A	N/A	-0.50
DAIC	CID HoldCo Inc	$40M	Technology	Information Technology Services	-0.50
BOW	Bowhead Specialty Holdings Inc	$982M	Financial Services	Insurance - Property & Casualty	-0.49
ETOR	Etoro Group Ltd - Class A	$3.63B	Financial Services	Capital Markets	-0.49
ALORU	ALSP Orchid Acquisition Corp I - Units (1 Ord Class A & 1/2 War)	$22M	N/A	N/A	-0.49
ORIQU	Origin Investment Corp I - Units (1 Ord Cls & 1/2 War)	$22M	Financial Services	Shell Companies	-0.48
SLVRU	SilverSPAC Inc - Units (1 Ord Share Class A & 1/4 War)	$328M	N/A	N/A	-0.47
HPLTU	Home Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War)	$79M	N/A	N/A	-0.47
BRLI	Brilliant Acquisition Corp	$5.92M	N/A	N/A	-0.47
AKUS	Akouos Inc	$490M	N/A	N/A	-0.47
FBYD	Falcon`s Beyond Global Inc - Class A	$617M	Industrials	Conglomerates	-0.45
ATPC	Agape ATP Corp	$2.52M	Consumer Defensive	Packaged Foods	-0.45
SI	Shoulder Innovations Inc	$452M	N/A	N/A	-0.44
SHLT	SHL Telemedicine Ltd ADR	$39M	Healthcare	Health Information Services	-0.43
OHPA	Orion Acquisition Corp - Class A	$417M	N/A	N/A	-0.43
CBIO	N/A	$432M	Healthcare	Biotechnology	-0.41
APADR	Enhanced Group Inc	$6.67M	N/A	N/A	-0.38
BRLIU	Brilliant Acquisition Corp - Unit (1 Ordinary share 1 War and 1 Rts)	$6.42M	N/A	N/A	-0.37
LSBK	Lake Shore Bancorp Inc	$134M	Financial Services	Banks - Regional	-0.37
PACH	Pioneer Acquisition I Corp - Class A	$260M	Financial Services	Shell Companies	-0.37
ADVB	Advanced Biomed Inc	$7.21M	Healthcare	Diagnostics & Research	-0.37
SMTK	SmartKem, Inc. Common Stock	$4.23M	Technology	Semiconductor Equipment & Materials	-0.37
NMPAU	NMP Acquisition Corp - Units (1 Ord Cls A & 1 Rts)	$35M	Financial Services	Shell Companies	-0.36
GDST	Goldenstone Acquisition Ltd	$23M	Financial Services	Shell Companies	-0.36
CURX	Curanex Pharmaceuticals Inc	$6.11M	Healthcare	Biotechnology	-0.36
LHAI	Linkhome Holdings Inc	$19M	Real Estate	Real Estate Services	-0.36
CORT	Corcept Therapeutics Inc	$9.35B	Healthcare	Biotechnology	-0.36
STRZ	Starz Entertainment Corp	$468M	Communication Services	Entertainment	-0.35
BACC	Blue Acquisition Corp - Class A	$214M	Financial Services	Shell Companies	-0.35
BMGL	Basel Medical Group Ltd	$9.61M	Healthcare	Medical Care Facilities	-0.35
LIONU	Lionheart III Corp - Units (1 Ord Share Class A & 1/2 War)	$113M	N/A	N/A	-0.34

ETFs that lowly correlated with MISL

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
XCOM	Ultra Communication Services Select Sector ETF	$384K	N/A	Jun 2, 2026	-1.00
SLTY	YIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF	$19M	1.25%	Aug 20, 2025	-0.78
GGOV	iShares Global Government Bond USD Hedged Active	$2.90B	0.39%	Jun 25, 2025	-0.71
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.65
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.60
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.58
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.55
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.54
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.53
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.53
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.52
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.51
BRKU	DIREXION DAILY BRKB BULL 2X SHARES	$45M	N/A	Dec 10, 2024	-0.50
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.50
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.50
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.49
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.48
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.48
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.47
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.47
CLIM	CLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF	$1.30M	0.90%	Mar 11, 2026	-0.47
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.46
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.45
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.45
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.45
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.44
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.44
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.44
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.43
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.43
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.43
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$8.20M	1.05%	Jul 23, 2024	-0.42
SMCZ	DEFIANCE DAILY TARGET 2X SHORT SMCI ETF	$13M	N/A	Mar 31, 2025	-0.41
MUD	Direxion Daily MU Bear 1X Shares	$76M	1.02%	Oct 9, 2024	-0.40
NVD	GRANITESHARES 2X SHORT NVDA DAILY ETF	$61M	N/A	Aug 21, 2023	-0.40
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.39
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.39
SDP	ProShares UltraShort Utilities -2x Shares	$3.90M	N/A	Jan 30, 2007	-0.38
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.37
CXRN	TEUCRIUM 2X DAILY CORN ETF	$4M	N/A	Dec 12, 2024	-0.37
BRKW	ROUNDHILL BRKB WEEKLYPAY ETF	$16M	N/A	Jun 17, 2025	-0.37
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.37
NVDQ	T-REX 2X INVERSE NVIDIA DAILY TARGET ETF	$22M	N/A	Oct 18, 2023	-0.37
BRKC	YIELDMAX(R) BRK.B OPTION INCOME STRATEGY ETF	$9.30M	1.01%	Jun 4, 2025	-0.36
GLL	ProShares UltraShort Gold -2x Shares	$110M	N/A	Dec 1, 2008	-0.36
NVDD	DIREXION DAILY NVDA BEAR 1X SHARES	$19M	1.01%	Sep 12, 2023	-0.35
DULL	Bank of Montreal	$21M	N/A	Feb 21, 2023	-0.35
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.35
WXET	TEUCRIUM 2X DAILY WHEAT ETF	$7M	N/A	Dec 12, 2024	-0.35
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.35