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55 Stocks and 45 ETFs for diversifying EVSM (EATON VANCE SHORT DURATION MUNICIPAL INCOME ETF)

The least correlated asset to EVSM (EATON VANCE SHORT DURATION MUNICIPAL INCOME ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with EVSM

SymbolName
Market cap
SectorIndustry
Correlation
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.80
PLMIUPlum Acquisition Corp I - Units (1 Ord Share Class A & 1/5 War)$232MN/AN/A-0.70
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.70
APADREnhanced Group Inc$6.67MN/AN/A-0.68
AILEiLearningEngines Holdings Inc - Class A$59MTechnologySoftware - Infrastructure-0.67
SLDESlide Insurance Holdings Inc$2.32BFinancial ServicesInsurance - Property & Casualty-0.64
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.63
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.62
TRONCorner Growth Acquisition Corp 2 - Class A$700MConsumer CyclicalLeisure-0.60
HYZNHyzon Motors Inc - Class A$3.42MConsumer CyclicalAuto Parts-0.59
FRESFresh2 Group Limited$2.97MHealthcareDiagnostics & Research-0.58
RAINRain Enhancement Technologies Holdco, Inc. Class A Common Stock$13MIndustrialsPollution & Treatment Controls-0.58
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.55
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.54
DMDesktop Metal Inc - Class A$165MN/AN/A-0.54
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.52
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.52
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.52
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.51
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.51
MCACUConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)$70MFinancial ServicesShell Companies-0.51
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.51
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.50
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.50
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.49
IBTAIbotta Inc - Class A$753MTechnologySoftware - Application-0.49
NAOVNanoVibronix Inc$15MHealthcareMedical Devices-0.48
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.48
TLXTelix Pharmaceuticals Ltd$3.82BHealthcareBiotechnology-0.48
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.47
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.46
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.46
EXEExpand Energy Corporation$21BEnergyOil & Gas E&p-0.45
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.45
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.45
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.44
ARAntero Resources Corp$10BEnergyOil & Gas E&p-0.44
BIAFBioAffinity Technologies Inc$3.25MHealthcareDiagnostics & Research-0.44
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.44
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.44
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.44
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.44
KUKEKuke Music Holding Limited American Depositary Shares (each representing ten (10) Class A Ordinary Shares)$5.93MCommunication ServicesEntertainment-0.44
CGNTCognyte Software Ltd$653MTechnologySoftware - Infrastructure-0.44
NCEWNew Century Logistics (BVI) Ltd$54MIndustrialsIntegrated Freight & Logistics-0.43
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.43
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.43
GRNDGrindr Inc - Class A$2.79BTechnologySoftware - Application-0.43
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.43
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.43
DFDVDeFi Development Corp$91MFinancial ServicesAsset Management-0.43
ACSTAcasti Pharma Inc - Class A$53MN/AN/A-0.43
GTEGran Tierra Energy Inc$231MEnergyOil & Gas E&p-0.42
SLPSimulations Plus Inc$369MHealthcareHealth Information Services-0.42
CVIIChurchill Capital Corp VII - Class A$570MFinancial ServicesShell Companies-0.42

ETFs that lowly correlated with EVSM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.82
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.72
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.65
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.65
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.62
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.61
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.61
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.61
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.60
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.60
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.59
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.59
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.59
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.56
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.56
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.56
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.56
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.54
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.54
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.54
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.54
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.54
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.53
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.50
QBProShares Nasdaq100 Dynamic Buffer ETF$2.80M0.58%Jun 24, 2025-0.49
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.49
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.49
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.48
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.47
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.46
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.46
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.45
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.45
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.45
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.44
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.44
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.44
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.44
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.43
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.43
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.43
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.42