10 Stocks and 90 ETFs for diversifying ETY (Eaton Vance Tax-Managed Diversified Equity Income Fund)
The least correlated asset to ETY (Eaton Vance Tax-Managed Diversified Equity Income Fund) is ETF SH (ProShares Short S&P500 -1x Shares). The correlation is -0.9234.
Stocks that lowly correlated with ETY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.54 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.50 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.48 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.48 |
| LGPS | LogProstyle Inc | $16M | Industrials | Conglomerates | -0.46 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.46 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.43 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.42 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.42 |
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.41 |