12 Stocks and 88 ETFs for diversifying QTEC (FIRST TRUST NASDAQ-100-TECHNOLOGY SECTOR INDEX FUND)
The least correlated asset to QTEC (FIRST TRUST NASDAQ-100-TECHNOLOGY SECTOR INDEX FUND) is ETF PSQ (ProShares Short QQQ -1x Shares). The correlation is -0.9322.
Stocks that lowly correlated with QTEC
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| GSRM | Bitcoin Depot Inc - Class A | $54M | N/A | N/A | -0.66 |
| JBS | JBS N.V. - Class A | $14B | Consumer Defensive | Packaged Foods | -0.58 |
| GIG | GigCapital7 Corp - Class A | $353M | Financial Services | Shell Companies | -0.55 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.53 |
| AMRZ | Amrize Ltd | $29B | Basic Materials | Building Materials | -0.53 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.52 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.51 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.50 |
| UBXG | U-BX Technology Ltd | $37M | Technology | Software - Infrastructure | -0.45 |
| INHD | Inno Holdings Inc | $9.59M | Basic Materials | Steel | -0.43 |
| RNERU | Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt) | $125M | N/A | N/A | -0.42 |
| LIONU | Lionheart III Corp - Units (1 Ord Share Class A & 1/2 War) | $113M | N/A | N/A | -0.42 |