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21 Stocks and 79 ETFs for diversifying BDJ (BlackRock Enhanced Equity Dividend Trust)

The least correlated asset to BDJ (BlackRock Enhanced Equity Dividend Trust) is ETF SEF (ProShares Short Financials -1x Shares). The correlation is -0.9077.

Stocks that lowly correlated with BDJ

SymbolName
Market cap
SectorIndustry
Correlation
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.66
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.62
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.59
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.58
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.57
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.57
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.53
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.50
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.50
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.49
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.49
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.48
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.48
APUSApimeds Pharmaceuticals US Inc$8.51MHealthcareDrug Manufacturers - Specialty & Generic-0.45
APADREnhanced Group Inc$6.67MN/AN/A-0.45
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.45
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.45
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.42
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.42
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.41
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.40

ETFs that lowly correlated with BDJ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.91
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.89
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.89
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.88
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.88
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.88
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.88
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.87
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.87
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.87
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.85
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.85
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.85
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.85
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.85
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.85
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.82
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.82
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.81
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.81
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.81
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.80
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.80
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.79
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.79
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.79
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.78
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.78
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.76
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.75
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.74
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.73
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.73
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.72
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.70
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.69
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.68
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.68
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.68
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.67
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.67
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.66
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.66
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.65
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.64
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.62
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.62
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.61
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.60
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.59
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.59
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.58
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.58
OILDBank of Montreal$53MN/ANov 8, 2021-0.57
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.57
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.54
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.52
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.52
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.51
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.50
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.50
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.49
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.49
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.47
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.46
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.46
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.46
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.45
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.44
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.44
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.43
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.43
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.43
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.43
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.43
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.41
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.41