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38 Stocks and 62 ETFs for diversifying WCME (FIRST TRUST WCM DEVELOPING WORLD EQUITY ETF)

The least correlated asset to WCME (FIRST TRUST WCM DEVELOPING WORLD EQUITY ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with WCME

SymbolName
Market cap
SectorIndustry
Correlation
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.92
PIRSPieris Pharmaceuticals Inc$24MN/AN/A-0.87
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.87
PSTXPoseida Therapeutics Inc$933MN/AN/A-0.85
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.81
IPXXUUSA Rare Earth Inc - Units (1 Ord Class A & 1/2 Warr)$66MN/AN/A-0.72
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.71
NAOVNanoVibronix Inc$15MHealthcareMedical Devices-0.60
COKECoca-Cola Consolidated Inc$13BConsumer DefensiveBeverages - Non-alcoholic-0.60
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.59
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.58
PDEXPro-Dex Inc (co)$181MHealthcareMedical Instruments & Supplies-0.55
BANLCBL International Ltd$11MEnergyOil & Gas Midstream-0.53
CABOCable One Inc$228MCommunication ServicesTelecom Services-0.53
SHIPSeanergy Maritime Holdings Corp$322MIndustrialsMarine Shipping-0.52
PRAAPRA Group Inc$688MFinancial ServicesCredit Services-0.52
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.51
ANTXAN2 Therapeutics Inc$168MHealthcareBiotechnology-0.51
MNDOMind C.T.I Ltd$21MTechnologySoftware - Application-0.51
BIAFBioAffinity Technologies Inc$3.25MHealthcareDiagnostics & Research-0.50
CDIOCardio Diagnostics Holdings Inc$5.30MHealthcareBiotechnology-0.50
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.46
LNGCheniere Energy Inc$54BEnergyOil & Gas Midstream-0.46
EONRHNR Acquisition Corp$21MEnergyOil & Gas E&p-0.45
BRBRBellring Brands Inc$1.42BConsumer DefensivePackaged Foods-0.44
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.43
CDMOAvid Bioservices Inc$797MN/AN/A-0.43
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.43
CQPCheniere Energy Partners LP$30BEnergyOil & Gas Midstream-0.43
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.43
TURBTurbo Energy S.A.$7.58MTechnologySolar-0.43
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.42
BATLBattalion Oil Corp (New)$33MEnergyOil & Gas E&p-0.42
SIShoulder Innovations Inc$452MN/AN/A-0.42
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.42
ANGXAngel Studios Inc - Class A$709MCommunication ServicesEntertainment-0.42
XENEXenon Pharmaceuticals Inc$6.54BHealthcareBiotechnology-0.42
SENEBSeneca Foods Corp - Class B$1.20BConsumer DefensivePackaged Foods-0.42

ETFs that lowly correlated with WCME

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.98
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.90
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.89
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.87
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.86
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.82
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.82
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.82
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.77
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.75
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.73
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.72
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.70
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.69
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.69
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.67
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.66
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.66
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.66
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.64
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.64
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.62
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.62
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.62
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.62
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.62
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.61
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.61
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.60
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.60
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.60
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.59
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.57
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.56
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.55
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.55
SMCPAlphaMark Actively Managed Small Cap ETF$3.50M0.79%May 11, 2026-0.55
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.55
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.54
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.53
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.53
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.51
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.51
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.49
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.47
YXIProShares Short FTSE China 50 -1x Shares$5M0.95%Mar 16, 2010-0.47
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.46
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.46
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.45
FXPProShares UltraShort FTSE China 50 -2x Shares$7.60MN/ANov 6, 2007-0.45
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.45
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.44
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.44
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.43
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.43
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.42
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.42