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35 Stocks and 65 ETFs for diversifying EIM (Eaton Vance Municipal Bond Fund)

The least correlated asset to EIM (Eaton Vance Municipal Bond Fund) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7424.

Stocks that lowly correlated with EIM

SymbolName
Market cap
SectorIndustry
Correlation
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.72
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.67
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.56
JEM707 Cayman Holdings Ltd$3.49MConsumer CyclicalApparel Retail-0.54
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.50
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.49
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.48
ARAIArrive AI Inc$15MTechnologyScientific & Technical Instruments-0.48
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.47
RTACURenatus Tactical Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$77MFinancial ServicesShell Companies-0.47
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.46
FLYEFly-E Group Inc$3.31MConsumer CyclicalAuto Manufacturers-0.46
SZZLSizzle Acquisition Corp II - Class A$245MFinancial ServicesShell Companies-0.46
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.45
FACTFACT II Acquisition Corp - Class A$197MFinancialsInvestment Holding Companies-0.44
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.44
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.44
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.43
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.43
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.43
APADREnhanced Group Inc$6.67MN/AN/A-0.43
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.42
CVCapsoVision Inc$315MHealthcareMedical Devices-0.42
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.41
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.41
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.41
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.41
OTFBlue Owl Technology Finance Corp$4.79BFinancial ServicesAsset Management-0.41
GTERRGloba Terra Acquisition Corporation Rights$407KN/AN/A-0.40
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.40
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.40
ANSCAgriculture & Natural Solutions Acquisition Corp - Class A$377MFinancial ServicesShell Companies-0.40
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.39
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.39
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.39

ETFs that lowly correlated with EIM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.74
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.68
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.67
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.66
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.61
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.60
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.60
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.60
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.59
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.59
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.59
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.59
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.59
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.59
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.59
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.58
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.58
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.57
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.56
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.56
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.55
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.54
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.54
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.53
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.52
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.52
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.52
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.51
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.51
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.51
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.50
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.50
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.50
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.50
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.50
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.50
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.49
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.48
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.48
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.47
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.47
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.47
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.47
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.46
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.46
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.46
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.46
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.46
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.45
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.45
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.45
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.44
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.44
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.44
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.44
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.44
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.43
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.43
YCSProShares UltraShort Yen -2x Shares$31MN/ANov 24, 2008-0.40
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.38
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.38
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.38