41 Stocks and 59 ETFs for diversifying EVM (Eaton Vance California Municipal Bond Fund)
The least correlated asset to EVM (Eaton Vance California Municipal Bond Fund) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7594.
Stocks that lowly correlated with EVM
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| FACT | FACT II Acquisition Corp - Class A | $235M | Financials | Investment Holding Companies | -0.65 |
| RAY | Raytech Holding Ltd | $9.64M | N/A | N/A | -0.62 |
| AAPG | Ascentage Pharma Group International | $2.43B | Healthcare | Biotechnology | -0.57 |
| DRDBU | Roman DBDR Acquisition Corp II - Units (1 Ord Cls A & 1/2 War) | $321M | Financial Services | Shell Companies | -0.56 |
| FACTU | FACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $200M | Financial Services | Shell Companies | -0.54 |
| CJET | Chijet Motor Company Inc | $27M | Consumer Cyclical | Auto Manufacturers | -0.53 |
| BAYA | Bayview Acquisition Corp | $41M | Financial Services | Shell Companies | -0.52 |
| NCEW | New Century Logistics (BVI) Ltd | $20M | Industrials | Integrated Freight & Logistics | -0.51 |
| CHAR | CHAPARRAL RESOURCES INC | $115M | Financial Services | Shell Companies | -0.50 |
| YAAS | Youxin Technology Ltd - Class A | $6.77M | Technology | Software - Application | -0.50 |
| NYAX | Nayax Ltd | $2.10B | Technology | Software - Infrastructure | -0.49 |
| NTWO | N/A | $252M | N/A | N/A | -0.49 |
| BOW | Bowhead Specialty Holdings Inc | $852M | Financial Services | Insurance - Property & Casualty | -0.49 |
| MASK | 3 E Network Technology Group Ltd - Class A | $8.52M | Technology | Software - Application | -0.48 |
| FLYE | Fly-E Group Inc | $49M | Consumer Cyclical | Auto Manufacturers | -0.48 |
| YYGH | YY Group Holding Ltd - Class A | $13M | Consumer Cyclical | Personal Services | -0.48 |
| NTWOU | Newbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $174M | Financial Services | Shell Companies | -0.47 |
| TWFG | TWFG Inc - Class A | $398M | N/A | N/A | -0.46 |
| STFS | Star Fashion Culture Holdings Ltd - Class A | $4.60M | N/A | N/A | -0.41 |
| PRMB | Primo Brands Corp - Class A | $6.23B | N/A | N/A | -0.41 |
| SFWL | Shengfeng Development Ltd - Class A | $76M | Industrials | Integrated Freight & Logistics | -0.39 |
| ATPC | Agape ATP Corp | $5.45M | Consumer Defensive | Packaged Foods | -0.39 |
| YHNAU | YHN Acquisition I Ltd - Units (1 Ord & 1 Rts) | $82M | Financial Services | Shell Companies | -0.39 |
| MRX | Marex Group Plc | $2.92B | Financial Services | Capital Markets | -0.39 |
| CEPO | Cantor Equity Partners I Inc - Class A | $267M | Financial Services | Shell Companies | -0.38 |
| POLEU | Andretti Acquisition Corp II - Units (1 Ord Class A & 1/2 War) | $244M | Financial Services | Shell Companies | -0.37 |
| MACIU | Melar Acquisition Corp I - Units (1 Ord Class A & 1 War) | $206M | Financial Services | Shell Companies | -0.37 |
| CGTL | Creative Global Technology Holdings Ltd | $95M | Consumer Cyclical | Specialty Retail | -0.37 |
| LGCL | Lucas GC Ltd | $6.09M | Technology | Software - Application | -0.37 |
| ROMA | Roma Green Finance Ltd | $148M | Industrials | Consulting Services | -0.36 |
| SBXD | SilverBox Corp IV - Class A | $270M | Financial Services | Shell Companies | -0.34 |
| AERT | Advanced Environmental Recycling Technologies Inc | $25M | Industrials | Consulting Services | -0.34 |
| TDACU | Translational Development Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $26M | Financial Services | Shell Companies | -0.34 |
| ZONE | CleanCore Solutions Inc - Class B | $11M | N/A | N/A | -0.34 |
| TTAN | ServiceTitan Inc - Class A | $8.40B | Technology | Software - Application | -0.34 |
| EXE | Chesapeake Energy Corp - New | $24B | N/A | N/A | -0.32 |
| CEP | Cantor Equity Partners Inc - Class A | $183M | Financial Services | Shell Companies | -0.32 |
| ECDA | ECD Automotive Design Inc | $256K | Consumer Cyclical | Auto Manufacturers | -0.32 |
| AMPY | Amplify Energy Corp | $194M | N/A | N/A | -0.32 |
| SFD | Smithfield Foods Inc | $9.24B | Consumer Defensive | Packaged Foods | -0.32 |
| LPAAU | Launch One Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $245M | Financial Services | Shell Companies | -0.31 |