7 Stocks and 93 ETFs for diversifying QQEW (FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND)
The least correlated asset to QQEW (FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND) is ETF PSQ (ProShares Short QQQ -1x Shares). The correlation is -0.9401.
Stocks that lowly correlated with QQEW
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| JBS | JBS N.V. - Class A | $14B | Consumer Defensive | Packaged Foods | -0.65 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.60 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.52 |
| AMRZ | Amrize Ltd | $29B | Basic Materials | Building Materials | -0.52 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.48 |
| GSRM | Bitcoin Depot Inc - Class A | $54M | N/A | N/A | -0.45 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.42 |