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22 Stocks and 78 ETFs for diversifying CEV (Eaton Vance California Municipal Income Trust)

The least correlated asset to CEV (Eaton Vance California Municipal Income Trust) is company Accelerant (ARX). The correlation is -0.8551.

Stocks that lowly correlated with CEV

SymbolName
Market cap
SectorIndustry
Correlation
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.86
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.76
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.56
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.54
MSGYMasonglory Ltd$5.30MIndustrialsEngineering & Construction-0.53
MCGAYorkville Acquisition Corp - Class A$176MFinancial ServicesShell Companies-0.52
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.51
EGGEnigmatig Ltd - Class A$189MIndustrialsConsulting Services-0.51
CAICaris Life Sciences Inc - Class A$4.94BHealthcareBiotechnology-0.51
OTFBlue Owl Technology Finance Corp$4.79BFinancial ServicesAsset Management-0.51
FLYEFly-E Group Inc$3.31MConsumer CyclicalAuto Manufacturers-0.49
JEM707 Cayman Holdings Ltd$3.49MConsumer CyclicalApparel Retail-0.49
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.49
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.47
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.45
ACFNN/A$45MTechnologyScientific & Technical Instruments-0.45
VOYGVoyager Technologies Inc - Class A$1.55BIndustrialsAerospace & Defense-0.44
DMAADrugs Made In America Acquisition Corp$246MFinancial ServicesShell Companies-0.44
SRTAStrata Critical Medical Inc Cl A Com$462MHealthcareMedical Care Facilities-0.44
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.44
YHNAYHN Acquisition I Ltd$63MFinancial ServicesShell Companies-0.44
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.43

ETFs that lowly correlated with CEV

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.73
DKNXDEFIANCE DAILY TARGET 2X LONG DKNG ETF $5.40MN/AJul 30, 2025-0.63
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.63
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.62
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.61
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.61
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.58
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.58
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.58
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.58
XBTYGRANITESHARES YIELDBOOST BITCOIN ETF $12M1.15%May 12, 2025-0.58
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.57
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.57
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.56
BCCCGLOBAL X BITCOIN COVERED CALL ETF $8.20M0.75%Jun 3, 2025-0.56
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.56
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.54
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.54
BTCCGRAYSCALE BITCOIN COVERED CALL ETF $13M0.65%Apr 1, 2025-0.54
UXRPProShares Ultra XRP ETF$27MN/AJul 14, 2025-0.53
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.53
UPSXTRADR 2X LONG UPST DAILY ETF $33MN/AJun 9, 2025-0.52
BAGYAMPLIFY BITCOIN MAX INCOME COVERED CALL ETF $10M0.65%Apr 28, 2025-0.52
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.50
BITYAMPLIFY BITCOIN 2% MONTHLY OPTION INCOME ETF $12M0.65%Apr 28, 2025-0.50
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.50
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.50
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.50
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.50
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.50
XYZGLEVERAGE SHARES 2X LONG XYZ DAILY ETF $3MN/AApr 3, 2025-0.50
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.50
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.49
MSTDEFIANCE LEVERAGED LONG + INCOME MSTR ETF $12MN/AMay 1, 2025-0.49
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $5.20MN/AJun 9, 2025-0.49
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.49
YBTCROUNDHILL BITCOIN COVERED CALL STRATEGY ETF $121M0.95%Jan 17, 2024-0.48
MSTYYIELDMAX(R) MSTR OPTION INCOME STRATEGY ETF $710M1.03%Feb 21, 2024-0.48
BTCGrayscale Bitcoin Mini Trust ETF$3.20B0.15%Jul 31, 2024-0.48
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.48
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.48
BOEGLEVERAGE SHARES 2X LONG BA DAILY ETF $4.80MN/AJun 12, 2025-0.48
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.47
YBITYIELDMAX(R) BITCOIN OPTION INCOME STRATEGY ETF $35M1.02%Apr 22, 2024-0.47
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.47
XRPIVolatility Shares Trust XRP ETF$82M1.68%May 22, 2025-0.47
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.47
BTCINEOS BITCOIN HIGH INCOME ETF $1B0.99%Oct 16, 2024-0.47
MSTWROUNDHILL MSTR WEEKLYPAY ETF $33MN/AJul 23, 2025-0.47
MSTXDefiance Daily Target 2x Long MSTR ETF$151MN/AAug 14, 2024-0.46
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.46
DEFIHashdex Bitcoin ETF$12M0.25%Sep 15, 2022-0.45
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.45
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.45
MSTUT-REX 2X LONG MSTR DAILY TARGET ETF $291MN/ASep 17, 2024-0.45
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.45
BTCLT-REX 2X LONG BITCOIN DAILY TARGET ETF $20MN/AJul 9, 2024-0.44
XRPTVolatility Shares Trust XRP 2X ETF$49MN/AMay 22, 2025-0.44
DFIIFT VEST BITCOIN STRATEGY & TARGET INCOME ETF $16M0.85%Apr 2, 2025-0.44
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.44
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.44
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.44
BULGLEVERAGE SHARES 2X LONG BULL DAILY ETF $5.20MN/AAug 8, 2025-0.44
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.44
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.44
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.44
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.44
BITUPROSHARES ULTRA BITCOIN ETF $301MN/AApr 1, 2024-0.44
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.44
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.43
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.43
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.43
XXRPTEUCRIUM 2X LONG DAILY XRP ETF $88MN/AApr 7, 2025-0.43
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.43
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.43
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.43
CBTACalamos Bitcoin 80 Series Structured Alt Protection ETF April$4M0.69%Apr 4, 2025-0.43