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32 Stocks and 68 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 -0.7525.

Stocks that lowly correlated with EIM

SymbolName
Market cap
SectorIndustry
Correlation
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.72
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.61
CHYMChime Financial Inc - Class A$6.59BTechnologySoftware - Application-0.54
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.53
SLDESlide Insurance Holdings Inc$2.20BFinancial ServicesInsurance - Property & Casualty-0.52
RTACURenatus Tactical Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$75MFinancial ServicesShell Companies-0.51
ARAIArrive AI Inc$26MTechnologyScientific & Technical Instruments-0.50
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.48
FLYEFly-E Group Inc$3MConsumer CyclicalAuto Manufacturers-0.48
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.47
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.47
GSHRGesher Acquisition Corp II - Class A$155MFinancial ServicesShell Companies-0.47
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.45
SZZLSizzle Acquisition Corp II - Class A$244MFinancial ServicesShell Companies-0.44
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.44
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.43
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.43
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.43
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.42
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.42
OTFBlue Owl Technology Finance Corp$4.94BFinancial ServicesAsset Management-0.42
FACTFACT II Acquisition Corp - Class A$197MFinancialsInvestment Holding Companies-0.42
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.41
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.41
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.41
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.40
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.40
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.39
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.39
ANSCAgriculture & Natural Solutions Acquisition Corp - Class A$375MFinancial ServicesShell Companies-0.39
RTACRenatus Tactical Acquisition Corp I - Class A$326MFinancial ServicesShell Companies-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 $210M0.50%May 10, 2021-0.75
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.68
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.68
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.67
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.61
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.61
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.61
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.60
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.60
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.60
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.60
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.60
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.59
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.59
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.58
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.58
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.57
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.57
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.56
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.56
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.55
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.54
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.54
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.54
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.53
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.52
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.51
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.51
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.51
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.51
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.51
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.50
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.50
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.50
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.50
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.49
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.49
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.47
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.47
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.47
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.47
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.47
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.47
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.47
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.46
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.46
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.46
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.45
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.45
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.45
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.45
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.44
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.44
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.44
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.44
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.44
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.44
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.44
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.44
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.41
YCSProShares UltraShort Yen -2x Shares$28MN/ANov 24, 2008-0.41
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.39
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.38
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.38
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.38