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First Trust New Constructs Core Earnings Leaders ETF (FTCE) Diversifiers

ETF · Currency in USD · Last updated Jul 14, 2026

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) seeks to track the performance of the Bloomberg New Constructs Core Earnings Leaders Index. The index identifies companies with high earnings quality by selecting the top companies within each sector based on the highest 'Earnings Capture' metric, resulting in a portfolio of approximately 100 large-cap U.S. companies. Under normal conditions, the fund invests at least 80% of its net assets in the securities that comprise the underlying index, using a full replication technique.

Looking to diversify beyond FTCE? The ETFs below have the lowest correlation with FTCE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FTCE.

Best Diversifiers for FTCE

374 ETFs have low correlation with FTCE (below 0.3), 59 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF-0.46——
68
Inverse Equities, Leveraged EquitiesFTCE vs MSTZ
SMST
Defiance Daily Target 2X Short MSTR ETF-0.46——
60
Inverse EquitiesFTCE vs SMST
BITI
ProShares Short Bitcoin ETF-0.43-0.41-0.41
57
CryptocurrencyFTCE vs BITI
SBIT
Proshares Ultrashort Bitcoin ETF-0.43-0.41-0.41
52
Cryptocurrency, Leveraged CryptocurrencyFTCE vs SBIT
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.43——
70
Derivative IncomeFTCE vs WNTR
See all 2043 diversifiers for FTCE

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