24 Stocks and 76 ETFs for diversifying ERC (Allspring Multi-Sector Income Fund)
The least correlated asset to ERC (Allspring Multi-Sector Income Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8383.
Stocks that lowly correlated with ERC
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.64 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.61 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.61 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.53 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.51 |
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.50 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.48 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.46 |
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.45 |
| PN | Skycorp Solar Group Ltd - Series A | $100M | Technology | Solar | -0.44 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.43 |
| HMR | Sports Properties Acquisition Corp | $73M | Industrials | Marine Shipping | -0.43 |
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.42 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.42 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.42 |
| RAAQ | Real Asset Acquisition Corp - Class A | $196M | Financial Services | Shell Companies | -0.42 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.40 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.39 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.37 |
| DXYZ | Destiny Tech100 Inc | $629M | Financial Services | Asset Management | -0.37 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.37 |
| LGPS | LogProstyle Inc | $16M | Industrials | Conglomerates | -0.36 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.36 |
| IPCX | Inflection Point Acquisition Corp III - Class A | $261M | Financial Services | Shell Companies | -0.36 |