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12 Stocks and 88 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 -0.8532.

Stocks that lowly correlated with CHI

SymbolName
Market cap
SectorIndustry
Correlation
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.66
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.58
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.54
PVLAPalvella Therapeutics Inc$1.66BHealthcareBiotechnology-0.48
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.47
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.44
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.43
AFJKRAimei Health Technology Co Ltd$617KN/AN/A-0.43
NETDUNabors Energy Transition Corp II - Units (1 Ord Class A & 1/2 War)$73MFinancial ServicesShell Companies-0.41
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.41
HPAIHelport AI Ltd$33MTechnologySoftware - Infrastructure-0.40
CNLCollective Mining Ltd.$1.40BBasic MaterialsGold-0.40

ETFs that lowly correlated with CHI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.85
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.85
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.85
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.85
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.84
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.84
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.84
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.84
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.83
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.83
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.82
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.81
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.80
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.79
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.78
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.78
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.76
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.76
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.76
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.76
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.76
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.75
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.74
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.74
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.74
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.74
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.74
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.72
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.72
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.72
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.71
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.71
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.70
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.70
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.70
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.70
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.69
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.69
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.68
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.68
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.67
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.67
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.66
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.65
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.65
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.65
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.64
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.64
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.64
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.64
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.63
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.63
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.63
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.62
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.62
FNGDBank of Montreal$68MN/AJan 22, 2018-0.62
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.61
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.61
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.60
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.58
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.57
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.57
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.57
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.56
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.54
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.54
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.53
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.53
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.52
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.51
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.50
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.48
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.48
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.47
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.47
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.44
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.44
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.44
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $42MN/AAug 21, 2023-0.44
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.43
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.43
PALDDirexion Daily PANW Bear 1X Shares$2.40M1.02%Feb 10, 2025-0.42
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.41
TSLQTradr 2X Short TSLA Daily ETF$159MN/AJul 13, 2022-0.40
OILDBank of Montreal$19MN/ANov 8, 2021-0.40
OBILF/M US TREASURY 12 MONTH BILL ETF $313M0.15%Nov 14, 2022-0.39
TSLZT-Rex 2X Inverse Tesla Daily Target ETF$46MN/AOct 18, 2023-0.39