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15 Stocks and 85 ETFs for diversifying CHI (Calamos Convertible Opportunities and Income Fund)

The least correlated asset to CHI (Calamos Convertible Opportunities and Income Fund) is ETF RWM (PROSHARES SHORT RUSSELL2000). The correlation is -0.8527.

Stocks that lowly correlated with CHI

SymbolName
Market cap
SectorIndustry
Correlation
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.64
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.61
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.58
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.58
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.52
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.48
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.48
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.45
HPAIHelport AI Ltd$21MTechnologySoftware - Infrastructure-0.44
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.43
NETDUNabors Energy Transition Corp II - Units (1 Ord Class A & 1/2 War)$73MFinancial ServicesShell Companies-0.43
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.41
AFJKRAimei Health Technology Co Ltd$236KN/AN/A-0.41
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.41
WGRXWellgistics Health Inc$6.79MHealthcarePharmaceutical Retailers-0.41

ETFs that lowly correlated with CHI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.85
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.85
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.84
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.84
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.84
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.84
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.84
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.83
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.83
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.83
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.82
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.81
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.80
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.79
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.77
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.76
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.76
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.76
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.76
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.76
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
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.74
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.74
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.74
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.73
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.71
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.71
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.70
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.70
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.69
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.69
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.69
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.69
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.68
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.68
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.68
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.67
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.67
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.66
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.66
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.64
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.63
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.63
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.63
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.62
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.62
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.62
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.61
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.61
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.60
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.60
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.59
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.59
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.58
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.58
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.58
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.57
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.57
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.57
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.56
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.55
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.54
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.54
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.52
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.52
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.51
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.50
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.48
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.47
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.47
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.47
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.47
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.47
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.47
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.44
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.44
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.44
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.43
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.43
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.42
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $39MN/AAug 21, 2023-0.41
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.41