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22 Stocks and 78 ETFs for diversifying FMN (Federated Hermes Premier Municipal Income Fund)

The least correlated asset to FMN (Federated Hermes Premier Municipal Income Fund) is company Circle Internet Group (CRCL). The correlation is -0.7609.

Stocks that lowly correlated with FMN

SymbolName
Market cap
SectorIndustry
Correlation
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.76
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.73
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.65
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.62
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.57
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.57
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.54
DXYZDestiny Tech100 Inc$629MFinancial ServicesAsset Management-0.51
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.49
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.48
CHYMChime Financial Inc - Class A$6.59BTechnologySoftware - Application-0.48
SMXTSolarMax Technology Inc$31MTechnologySolar-0.47
TPETTrio Petroleum Corp$3.76MEnergyOil & Gas E&p-0.45
MDCXMedicus Pharma Ltd. Common Stock$12MN/AN/A-0.45
SDMSmart Digital Group Ltd$59MCommunication ServicesAdvertising Agencies-0.44
OTFBlue Owl Technology Finance Corp$4.94BFinancial ServicesAsset Management-0.43
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.41
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.41
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.41
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.41
MNTNMNTN Inc - Class A$653MTechnologySoftware - Application-0.41
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.41

ETFs that lowly correlated with FMN

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.73
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.71
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.70
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.69
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.66
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.64
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.64
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.64
BTRNGLOBAL X BITCOIN TREND STRATEGY ETF $1.90M0.95%Mar 20, 2024-0.60
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.59
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.59
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.59
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.58
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.58
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.57
MSTUT-REX 2X LONG MSTR DAILY TARGET ETF $616MN/ASep 17, 2024-0.57
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.57
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.56
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.56
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.55
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.55
MSTXDefiance Daily Target 2x Long MSTR ETF$388MN/AAug 14, 2024-0.55
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.55
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.55
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.54
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.54
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.53
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.53
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.53
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.53
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.53
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.53
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.53
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.53
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.52
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.52
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.52
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.52
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.52
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.52
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.52
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.52
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.52
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.51
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.51
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.51
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.51
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.51
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.51
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.51
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.51
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.50
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.50
BTFXCoinShares Bitcoin Leverage ETF$12MN/AFeb 21, 2024-0.50
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.50
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.49
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.49
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.48
BITUPROSHARES ULTRA BITCOIN ETF $513MN/AApr 1, 2024-0.48
BTCLT-REX 2X LONG BITCOIN DAILY TARGET ETF $34MN/AJul 9, 2024-0.47
MMKTTEXAS CAPITAL GOVERNMENT MONEY MARKET ETF $70M0.20%Sep 24, 2024-0.47
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.47
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.47
BTCGrayscale Bitcoin Mini Trust ETF$4B0.15%Jul 31, 2024-0.46
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.46
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.46
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.46
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.45
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.45
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.45
MSTYYIELDMAX(R) MSTR OPTION INCOME STRATEGY ETF $1.20B1.03%Feb 21, 2024-0.45
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.45
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.45
DEFIHashdex Bitcoin Futures ETF$10M0.25%Sep 15, 2022-0.45
MSIIREX MSTR GROWTH & INCOME ETF $4.40MN/AJun 3, 2025-0.44
YCSProShares UltraShort Yen -2x Shares$28MN/ANov 24, 2008-0.43
COIIREX COIN GROWTH & INCOME ETF $2.80MN/AJun 3, 2025-0.42
YBITYIELDMAX(R) BITCOIN OPTION INCOME STRATEGY ETF $43M1.02%Apr 22, 2024-0.41