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21 Stocks and 79 ETFs for diversifying CCD (Calamos Dynamic Convertible and Income Fund)

The least correlated asset to CCD (Calamos Dynamic Convertible and Income Fund) is ETF RWM (PROSHARES SHORT RUSSELL2000). The correlation is -0.8436.

Stocks that lowly correlated with CCD

SymbolName
Market cap
SectorIndustry
Correlation
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.57
LZMHLZ Technology Holdings Ltd - Class B$9.02MTechnologyInformation Technology Services-0.54
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.52
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.48
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.48
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.48
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.47
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.45
KWMK Wave Media Ltd$7.63MCommunication ServicesEntertainment-0.45
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.45
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.44
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.44
LIMNLiminatus Pharma Inc$5.14MHealthcareBiotechnology-0.44
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.42
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.41
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.41
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.40
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.40
KLTOWKlotho Neurosciences Inc Wt Exp$10MHealthcareBiotechnology-0.40
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.40
LPAAULaunch One Acquisition Corp - Units (1 Ord Class A & 1/2 War)$251MFinancial ServicesShell Companies-0.39

ETFs that lowly correlated with CCD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.84
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.84
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.83
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.83
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.83
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.81
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.81
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.81
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.81
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.80
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.78
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.78
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.77
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.76
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.76
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.75
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.75
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.75
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.75
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.75
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.75
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.75
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.74
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.74
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.73
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.72
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.72
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.70
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.70
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.70
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.69
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.69
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.69
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.69
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.67
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.66
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.64
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.63
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.63
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.62
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.61
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.58
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.58
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.57
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.57
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.57
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.56
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.56
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.56
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.54
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.53
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.53
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.53
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.51
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.50
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.49
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.49
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.49
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.48
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.45
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.45
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.45
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.44
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.44
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.44
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.43
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.43
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.43
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.43
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.42
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.42
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.42
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.41
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.41
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.41
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.41
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.40
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.40