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13 Stocks and 87 ETFs for diversifying EOI (Eaton Vance Enhanced Equity Income Fund)

The least correlated asset to EOI (Eaton Vance Enhanced Equity Income Fund) is ETF SDS (ProShares UltraShort S&P500 -2x Shares). The correlation is -0.9008.

Stocks that lowly correlated with EOI

SymbolName
Market cap
SectorIndustry
Correlation
SLDESlide Insurance Holdings Inc$2.20BFinancial ServicesInsurance - Property & Casualty-0.53
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.52
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.47
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.45
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.45
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.43
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.43
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.41
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.41
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.41
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.41
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.39
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.39

ETFs that lowly correlated with EOI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.90
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.90
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.90
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.87
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.87
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.85
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.84
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.84
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.84
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.84
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.84
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.83
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.83
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.83
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.83
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.83
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.81
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.80
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.79
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.78
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.78
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.78
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.76
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.76
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.76
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.74
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.74
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.74
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.74
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.73
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.73
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.72
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.72
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.72
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.71
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.71
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.70
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.70
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.70
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.69
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.69
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.69
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.69
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.69
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.69
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.68
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.68
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.67
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.67
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.67
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.67
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.66
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.63
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.61
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.61
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.60
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.60
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.58
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.57
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.57
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
FNGDBank of Montreal$68MN/AJan 22, 2018-0.56
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.55
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.54
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.54
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.52
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.52
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.51
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.51
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.51
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.51
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.50
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.49
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.48
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.48
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.47
OILDBank of Montreal$19MN/ANov 8, 2021-0.47
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.46
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.46
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.43
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.43
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.41
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.39
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.39
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.38