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13 Stocks and 87 ETFs for diversifying ETJ (Eaton Vance Risk-Managed Diversified Equity Income Fund)

The least correlated asset to ETJ (Eaton Vance Risk-Managed Diversified Equity Income Fund) is ETF SDS (ProShares UltraShort S&P500 -2x Shares). The correlation is -0.845.

Stocks that lowly correlated with ETJ

SymbolName
Market cap
SectorIndustry
Correlation
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.60
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.59
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.54
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.50
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.50
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.45
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.44
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.43
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.43
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.43
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.41
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.41
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.40

ETFs that lowly correlated with ETJ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.84
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.84
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.84
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.80
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.80
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.77
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.76
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.76
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.76
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.76
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.75
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.75
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.75
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.75
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.74
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.74
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.74
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.74
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.73
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.73
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.72
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.72
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.72
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.72
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.71
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.71
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.71
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.71
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.70
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.70
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.70
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.68
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.68
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.67
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.67
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.66
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.66
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.66
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.65
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.65
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.65
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.65
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.64
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.63
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.63
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.63
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.63
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.63
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.62
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.62
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.62
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.59
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.59
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.58
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.58
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.57
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.57
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.55
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.55
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.54
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.54
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.53
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.53
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.53
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.53
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.52
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.50
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.50
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.50
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.49
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.49
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.48
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.47
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.47
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.46
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.45
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.45
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.45
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.43
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.42
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.42
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.41
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.41
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.41
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.41
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.40