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25 Stocks and 75 ETFs for diversifying BFZ (BlackRock California Municipal Income Trust)

The least correlated asset to BFZ (BlackRock California Municipal Income Trust) is ETF MUD (DIREXION DAILY MU BEAR 1X SHARES). The correlation is -0.8054.

Stocks that lowly correlated with BFZ

SymbolName
Market cap
SectorIndustry
Correlation
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.56
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.55
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.53
RMSGReal Messenger Corporation$7.06MN/AN/A-0.47
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.47
YHNAUYHN Acquisition I Ltd - Units (1 Ord & 1 Rts)$64MFinancial ServicesShell Companies-0.46
MPUMega Matrix Inc - Class A$30MCommunication ServicesEntertainment-0.46
HRYUGlobal Interactive Technologies Inc$760KN/AN/A-0.46
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.46
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.45
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.43
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.43
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.41
RAYRaytech Holding Ltd$9.91MConsumer DefensiveHousehold & Personal Products-0.40
HPAIHelport AI Ltd$33MTechnologySoftware - Infrastructure-0.39
QETARQuetta Acquisition Corp$1.33MN/AN/A-0.39
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.39
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.38
HUBCHub Cyber Security Ltd$716KTechnologySoftware - Infrastructure-0.38
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.37
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.36
DXYZDestiny Tech100 Inc$629MFinancial ServicesAsset Management-0.36
ACTUActuate Therapeutics Inc$50MHealthcareBiotechnology-0.36
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.35
SMXTSolarMax Technology Inc$31MTechnologySolar-0.35

ETFs that lowly correlated with BFZ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
MUDDIREXION DAILY MU BEAR 1X SHARES $27M0.97%Oct 9, 2024-0.81
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.74
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.70
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.70
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.69
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.65
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.65
EFZPROSHARES SHORT MSCI EAFE $16M0.95%Oct 23, 2007-0.65
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.64
HIBSDIREXION DAILY S&P 500(R) HIGH BETA BEAR 3X SHARES $19MN/ANov 7, 2019-0.64
RYSEVEST 10 YEAR INTEREST RATE HEDGE ETF N/A0.94%Feb 2, 2023-0.63
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M0.98%Oct 2, 2024-0.60
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.59
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.47%Jun 8, 2016-0.59
WZRDOpportunistic Trader ETF$3.90M1.07%Jun 24, 2025-0.59
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.59
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.58
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.58
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.58
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.58
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.57
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.57
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.56
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.56
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.56
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.55
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.55
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.55
SZKPROSHARES ULTRASHORT CONSUMER STAPLES $4.70MN/AJan 30, 2007-0.55
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.55
MYYPROSHARES SHORT MIDCAP400 $2.70MN/AJun 19, 2006-0.55
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.55
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.53
SBBPROSHARES SHORT SMALLCAP600 $4.10M0.95%Jan 23, 2007-0.53
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.53
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.53
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.52
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.52
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.52
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.51
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.51
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.51
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.51
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.50
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.50
EMTYPROSHARES DECLINE OF THE RETAIL STORE ETF $2.90M0.65%Nov 14, 2017-0.50
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.49
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.49
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.49
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.49
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.49
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.49
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.48
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.48
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.48
VIXMProShares VIX Mid-Term Futures ETF$56M1.10%Jan 3, 2011-0.48
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.48
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.46
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M1.00%Aug 8, 2022-0.45
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.45
DULLBank of Montreal$15MN/AFeb 21, 2023-0.45
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.45
FNGDBank of Montreal$68MN/AJan 22, 2018-0.45
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.44
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.44
ZSLProShares UltraShort Silver -2x Shares$145MN/ADec 1, 2008-0.43
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.43
RXDPROSHARES ULTRASHORT HEALTH CARE $4.90MN/AJan 30, 2007-0.43
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.42
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.42
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.41
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.39
CTASIMPLIFY MANAGED FUTURES STRATEGY ETF $1.70B0.75%Mar 7, 2022-0.36
YCSProShares UltraShort Yen -2x Shares$28MN/ANov 24, 2008-0.35