Overview Performance Dividends Metrics Financials Industry Correlations

23 Stock and 77 ETF First Merchants (FRMEP) alternatives

The most close First Merchants (FRMEP) alternative is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is 1.

Stocks that highly correlated with FRMEP

Symbol	Name	Market cap	Sector	Industry	Correlation
ALTS	ALT5 Sigma Corporation Common Stock	$4.90B	Technology	Software - Application	1.00
ET-P-I	Energy Transfer LP	$40B	N/A	N/A	0.70
PACWP	PacWest Bancorp Depositary Shares Each Representing a 140th Interest in a Share of 7.75 Fixed Rate NonCumulative Perpetual Preferred Stock Series A	$2.48B	N/A	N/A	0.70
TANNI	TravelCenters of America Inc	$368M	N/A	N/A	0.69
NPFD	Nuveen Variable Rate Preferred & Income Fund	$451M	Financial Services	Asset Management	0.69
RWAYL	Runway Growth Finance Corp	$911M	N/A	N/A	0.68
PMT-P-C	Pennymac Mortgage Investment Trust	$1.57B	N/A	N/A	0.66
PH	Parker-Hannifin Corp	$120B	Industrials	Specialty Industrial Machinery	0.66
CPZ	Calamos Long/Short Equity & Dynamic Income Trust	$255M	Financial Services	Asset Management	0.66
ITT	ITT Inc	$17B	Industrials	Specialty Industrial Machinery	0.65
AGNCP	AGNC Investment Corp	$6.42B	Real Estate	Reit - Mortgage	0.65
EFC-P-A	Ellington Financial Inc	$3.14B	N/A	Other	0.65
IIVI	Coherent Corp	$31B	N/A	N/A	0.65
FULTP	Fulton Financial Corp	$3.50B	Financial Services	Banks - Regional	0.64
PYPD	Polypid Ltd	$95M	Healthcare	Biotechnology	0.63
SF	Stifel Financial Corp	$12B	Financial Services	Capital Markets	0.63
WAL	Western Alliance Bancorp	$8.85B	Financial Services	Banks - Regional	0.63
PTA	Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund	$1.09B	Financial Services	Asset Management	0.63
AGNCO	AGNC Investment Corp	$29B	Real Estate	Reit - Mortgage	0.62
AX	Axos Financial Inc	$5.59B	Financial Services	Banks - Regional	0.62
SAGT	Sagtec Global Ltd	$18M	Technology	Software - Application	0.62
ADAMM	Adamas Trust Inc	$2.27B	Real Estate	Reit - Mortgage	0.62
CTO-P-A	CTO Realty Growth Inc	$713M	N/A	N/A	0.61

ETFs that highly correlated with FRMEP

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
XCOM	Ultra Communication Services Select Sector ETF	$384K	N/A	Jun 2, 2026	1.00
JPC	Nuveen Preferred & Income Opportunities Fund	$2.90B	N/A	N/A	0.76
PFN	Pimco Income Strategy Fund II	$686M	N/A	N/A	0.73
FPF	First Trust Intermediate Duration Preferred & Income Fund	$1.20B	N/A	N/A	0.72
REFA	COLUMBIA RESEARCH ENHANCED INTERNATIONAL EQUITY ETF	$5.60M	0.32%	Dec 11, 2025	0.71
PDO	PIMCO Dynamic Income Opportunities Fund	$1.90B	N/A	N/A	0.69
PFL	Pimco Income Strategy Fund	$381M	N/A	N/A	0.68
PGZ	Principal Real Estate Income Fund	$74M	N/A	N/A	0.68
FPE	FIRST TRUST PREFERRED SECURITIES AND INCOME ETF	$6.30B	0.83%	Feb 11, 2013	0.68
LDP	Cohen & Steers Ltd Duration Preferred and Income Fund Inc	$651M	N/A	N/A	0.67
ACV	Virtus Diversified Income & Convertible Fund	$301M	N/A	N/A	0.67
XMLV	INVESCO S&P MIDCAP LOW VOLATILITY ETF	$732M	0.25%	Feb 15, 2013	0.67
FPEI	FIRST TRUST INSTITUTIONAL PREFERRED SECURITIES AND INCOME ETF	$1.90B	0.85%	Aug 22, 2017	0.67
NRO	Neuberger Berman Real Estate Securities Income Fund Inc	$212M	N/A	N/A	0.66
HSMV	FIRST TRUST HORIZON MANAGED VOLATILITY SMALL/MID ETF	$35M	0.80%	Apr 6, 2020	0.66
KPDD	KRANESHARES 2X LONG PDD DAILY ETF	$19M	N/A	Mar 7, 2025	0.66
DFP	Flaherty & Crumrine Dynamic Preferred and Income Fund Inc	$461M	N/A	N/A	0.66
PREF	PRINCIPAL SPECTRUM PREFERRED SECURITIES ACTIVE ETF	$1.80B	0.55%	Jul 10, 2017	0.66
FXO	FIRST TRUST FINANCIALS ALPHADEX FUND	$1.10B	0.60%	May 8, 2007	0.66
JHPI	JOHN HANCOCK PREFERRED INCOME ETF	$207M	0.54%	Dec 14, 2021	0.66
PQDI	PRINCIPAL SPECTRUM TAX-ADVANTAGED DIVIDEND ACTIVE ETF	$70M	0.60%	Jun 16, 2020	0.66
PDI	PIMCO Dynamic Income Fund	$7.50B	N/A	N/A	0.66
PPT	Putnam Premier Income Trust	$355M	N/A	N/A	0.65
PSF	Cohen & Steers Select Preferred and Income Fund Inc	$263M	N/A	N/A	0.65
AVK	Advent Convertible and Income Fund	$631M	N/A	N/A	0.65
VRP	INVESCO VARIABLE RATE PREFERRED ETF	$3B	0.50%	May 1, 2014	0.65
PFO	Flaherty & Crumrine Preferred and Income Opportunity Fund Inc	$133M	N/A	N/A	0.65
FSGS	First Trust Small Cap US Equity Select ETF	$29M	0.61%	Jun 20, 2017	0.65
EVV	Eaton Vance Ltd Duration Income Fund	$1.20B	N/A	N/A	0.65
HYT	BlackRock Corporate High Yield Fund Inc	$1.80B	N/A	N/A	0.65
SPE	Special Opportunities Fund Inc	$168M	N/A	N/A	0.64
RSPF	INVESCO S&P 500 EQUAL WEIGHT FINANCIALS ETF	$288M	0.40%	Nov 1, 2006	0.64
FSCS	FIRST TRUST SMID CAPITAL STRENGTH ETF	$59M	0.60%	Jun 20, 2017	0.64
FLC	Flaherty & Crumrine Total Return Fund Inc	$195M	N/A	N/A	0.64
XSLV	INVESCO S&P SMALLCAP LOW VOLATILITY ETF	$243M	0.25%	Feb 15, 2013	0.64
JGH	Nuveen Global High Income Fund	$386M	N/A	N/A	0.63
DMO	Western Asset Mortgage Opportunity Fund Inc	$129M	N/A	N/A	0.63
WEA	Western Asset Premier Bond Fund	$134M	N/A	N/A	0.63
DFNL	DAVIS SELECT FINANCIAL ETF	$455M	0.61%	Jan 11, 2017	0.63
IYG	ISHARES U.S. FINANCIAL SERVICES ETF	$2B	0.38%	Jun 12, 2000	0.63
PCEF	INVESCO CEF INCOME COMPOSITE ETF	$831M	2.71%	Feb 19, 2010	0.63
BLW	BlackRock Ltd Duration Income Trust	$518M	N/A	N/A	0.63
NUMV	NUVEEN ESG MID-CAP VALUE ETF	$437M	0.31%	Dec 13, 2016	0.63
FIYY	GRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF	$732K	1.07%	May 4, 2026	0.63
PIM	Putnam Master Intermediate Income Trust	$163M	N/A	N/A	0.63
IGR	CBRE Global Real Estate Income Fund	$692M	N/A	N/A	0.63
SDVY	FIRST TRUST SMID CAP RISING DIVIDEND ACHIEVERS ETF	$11B	0.58%	Nov 1, 2017	0.63
ACP	abrdn Income Credit Strategies Fund	$691M	N/A	N/A	0.63
PSCF	INVESCO S&P SMALLCAP FINANCIALS ETF	$27M	0.29%	Apr 7, 2010	0.63
CZA	INVESCO ZACKS MID-CAP ETF	$187M	0.69%	Apr 2, 2007	0.63
HPS	John Hancock Preferred Income Fund III	$440M	N/A	N/A	0.63
MDIV	MULTI-ASSET DIVERSIFIED INCOME INDEX FUND	$416M	0.71%	Aug 13, 2012	0.63
FAS	DIREXION DAILY FINANCIAL BULL 3X SHARES	$2.20B	N/A	Nov 6, 2008	0.63
FNCL	FIDELITY MSCI FINANCIALS INDEX ETF	$2.20B	0.08%	Oct 21, 2013	0.63
IYF	ISHARES U.S. FINANCIALS ETF	$3.90B	0.38%	May 22, 2000	0.63
VFH	VANGUARD FINANCIALS INDEX FUND ETF SHARES	$14B	0.09%	Jan 26, 2004	0.62
SMCP	AlphaMark Actively Managed Small Cap ETF	$3.50M	0.79%	May 11, 2026	0.62
XLF	STATE STREET(R) FINANCIAL SELECT SECTOR SPDR(R) ETF	$51B	0.08%	Dec 16, 1998	0.62
YYY	AMPLIFY CEF HIGH INCOME ETF	$721M	3.23%	Jun 12, 2012	0.62
SIXS	ETC 6 MERIDIAN SMALL CAP EQUITY ETF	$138M	0.50%	May 11, 2020	0.62
UPGD	INVESCO BLOOMBERG ANALYST RATING IMPROVERS ETF	$118M	0.40%	May 19, 2006	0.62
PFD	Flaherty & Crumrine Preferred and Income Fund Inc	$160M	N/A	N/A	0.62
UYG	PROSHARES ULTRA FINANCIALS	$743M	N/A	Jan 30, 2007	0.62
EAD	Allspring Income Opportunities Fund	$426M	N/A	N/A	0.62
MIN	MFS Intermediate Income Trust	$297M	N/A	N/A	0.62
SMMV	ISHARES MSCI USA SMALL-CAP MIN VOL FACTOR ETF	$290M	0.20%	Sep 7, 2016	0.62
EZM	WISDOMTREE U.S. MIDCAP FUND	$939M	0.38%	Feb 23, 2007	0.62
GGZ	Gabelli Global Small and Mid Cap Value Trust	$141M	N/A	N/A	0.61
HTD	John Hancock Tax- Advantaged Dividend Income	$942M	N/A	N/A	0.61
HIPS	GraniteShares HIPS US High Income ETF	$110M	1.17%	Jan 7, 2015	0.61
FCEF	FIRST TRUST INCOME OPPORTUNITIES ETF	$79M	3.69%	Sep 27, 2016	0.61
KBWB	INVESCO KBW BANK ETF	$6.50B	0.35%	Nov 1, 2011	0.61
PHK	Pimco High Income Fund	$848M	N/A	N/A	0.61
PHO	INVESCO WATER RESOURCES ETF	$2B	0.59%	Dec 6, 2005	0.61
FIW	FIRST TRUST WATER ETF	$1.90B	0.50%	May 8, 2007	0.61
ROSC	HARTFORD MULTIFACTOR SMALL CAP ETF	$62M	0.34%	Mar 23, 2015	0.61
DON	WISDOMTREE U.S. MIDCAP DIVIDEND FUND	$4B	0.38%	Jun 16, 2006	0.61