15 Stocks and 85 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 -0.9263.
Stocks that lowly correlated with QTEC
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.81 |
| GLIBK | GCI Liberty Inc | $877M | Communication Services | Telecom Services | -0.71 |
| JBS | JBS N.V. - Class A | $13B | Consumer Defensive | Packaged Foods | -0.59 |
| APADU | A Paradise Acquisition Corp Unit | $67M | Financial Services | Shell Companies | -0.58 |
| GSRM | Bitcoin Depot Inc - Class A | $54M | N/A | N/A | -0.57 |
| GIG | GigCapital7 Corp - Class A | $353M | Financial Services | Shell Companies | -0.55 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.52 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.51 |
| JCAP | Jefferson Capital Inc | $1.06B | Financial Services | Credit Services | -0.51 |
| WSBK | Winchester Bancorp Inc | $121M | Financial Services | Banks - Regional | -0.47 |
| AVBC | Avidia Bancorp Inc | $407M | Financial Services | Banks - Regional | -0.44 |
| UBXG | U-BX Technology Ltd | $6.42M | Communication Services | Advertising Agencies | -0.44 |
| 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 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.42 |