Overview Performance Dividends Correlations

34 Stock and 66 ETF HFRO (Highland Opportunities and Income Fund) alternatives

The most close HFRO (Highland Opportunities and Income Fund) alternative is ETF CTEF (CASTELLAN TARGETED EQUITY ETF). The correlation is 0.7332.

Stocks that highly correlated with HFRO

Symbol	Name	Market cap	Sector	Industry	Correlation
ADAMG	Adamas Trust Inc	$2.26B	N/A	N/A	0.70
TTAM	Titan America SA	$3.15B	Basic Materials	Building Materials	0.68
SOJF	Southern Company	$28B	N/A	N/A	0.68
AGH	Aureus Greenway Holdings Inc	$87M	Consumer Cyclical	Leisure	0.68
CON	Concentra Group Holdings Parent Inc	$3.91B	Healthcare	Medical Care Facilities	0.66
ADAM	Adamas Trust Inc	$831M	Real Estate	Reit - Mortgage	0.64
BMO	Bank of Montreal	$130B	Financial Services	Banks - Diversified	0.64
BACQR	Merlin Inc	$52M	N/A	N/A	0.64
OBK	Origin Bancorp Inc	$1.59B	Financial Services	Banks - Regional	0.63
CARE	Carter Bankshares Inc	$715M	Financial Services	Banks - Regional	0.63
PACWP	PacWest Bancorp Depositary Shares Each Representing a 140th Interest in a Share of 7.75 Fixed Rate NonCumulative Perpetual Preferred Stock Series A	$2.48B	N/A	N/A	0.62
HWC	Hancock Whitney Corp	$6.25B	Financial Services	Banks - Regional	0.62
VYLD	J P Morgan Chase & Co Inverse VIX ShortTerm Futures ETNs due March 22 2045	$81B	N/A	N/A	0.62
HHH	Howard Hughes Corporation	$4.34B	Real Estate	Real Estate - Development	0.62
SHBI	Shore Bancshares Inc	$770M	Financial Services	Banks - Regional	0.62
RCD	Ready Capital Corp	$3.84B	N/A	N/A	0.62
CLDT	Chatham Lodging Trust	$621M	Real Estate	Reit - Hotel & Motel	0.62
GES	Guess, Inc.	$877M	Consumer Cyclical	Apparel Retail	0.61
ACRE	Ares Commercial Real Estate Corp	$252M	Real Estate	Reit - Mortgage	0.61
BWFG	Bankwell Financial Group Inc	$472M	Financial Services	Banks - Regional	0.61
SEG	Seaport Entertainment Group Inc	$339M	Real Estate	Real Estate Services	0.61
ARI	Apollo Commercial Real Estate Finance Inc	$1.44B	Real Estate	Reit - Mortgage	0.61
HT	Hersha Hospitality Trust - Class A	$400M	N/A	N/A	0.61
SPG	Simon Property Group Inc	$72B	Real Estate	Reit - Retail	0.61
AIR	AAR Corp	$5.33B	Industrials	Aerospace & Defense	0.61
CICB	CION Investment Corporation 7.50 Notes due 2029	$1.26B	N/A	N/A	0.60
NSRX	Nasus Pharma Ltd	$28M	Healthcare	Drug Manufacturers - General	0.60
BBDC	Barings BDC Inc	$898M	Financial Services	Asset Management	0.60
PRSU	Pursuit Attractions and Hospitality Inc	$1.43B	Consumer Cyclical	Travel Services	0.60
BKU	BankUnited Inc	$3.55B	Financial Services	Banks - Regional	0.60
GPMT	Granite Point Mortgage Trust Inc	$66M	Real Estate	Reit - Mortgage	0.60
ONCHU	1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)	$39M	Financial Services	Shell Companies	0.59
TD	Toronto Dominion Bank	$153B	Financial Services	Banks - Diversified	0.59
IVZ	Invesco Ltd	$13B	Financial Services	Asset Management	0.59

ETFs that highly correlated with HFRO

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
CTEF	CASTELLAN TARGETED EQUITY ETF	$679M	0.45%	Jun 17, 2025	0.73
CEFZ	RIVERNORTH ACTIVE INCOME ETF	$40M	3.36%	Dec 27, 2006	0.71
QIDX	INDEXPERTS QUALITY EARNINGS FOCUSED ETF	$39M	0.50%	Dec 31, 2024	0.67
VSTL	DEFIANCE DAILY TARGET 2X LONG VST ETF	$12M	N/A	Jul 21, 2025	0.67
HBDC	Hilton BDC Corporate Bond ETF	$84M	0.39%	Jun 10, 2025	0.67
HIMU	iShares High Yield Muni Active ETF	$2.40B	0.39%	Aug 1, 2006	0.66
MYMI	SPDR SSGA MY2029 MUNICIPAL BOND ETF	$14M	0.20%	Sep 23, 2024	0.66
JEMB	JANUS HENDERSON EMERGING MARKETS DEBT HARD CURRENCY ETF	$440M	0.52%	Aug 13, 2024	0.66
LIVR	Intelligent Livermore ETF	$18M	0.69%	Sep 17, 2024	0.65
TEMT	TRADR 2X LONG TEM DAILY ETF	$56M	N/A	May 12, 2025	0.65
RSMV	RELATIVE STRENGTH MANAGED VOLATILITY STRATEGY ETF	$25M	0.95%	Jan 13, 2025	0.64
PRVS	PARNASSUS VALUE SELECT ETF	$25M	0.59%	Dec 11, 2024	0.64
IBMT	ISHARES IBONDS DEC 2031 TERM MUNI BOND ETF	$112M	0.18%	Mar 25, 2025	0.64
VCRM	VANGUARD CORE TAX-EXEMPT BOND ETF ETF SHARES	$1.70B	0.12%	Nov 21, 2024	0.64
BSMY	Invesco BulletShares 2034 Municipal Bond ETF	$140M	0.18%	Sep 11, 2024	0.64
MYMJ	SPDR SSGA My2030 Municipal Bond ETF	$12M	0.20%	Sep 23, 2024	0.63
FMUB	FIDELITY MUNICIPAL BOND OPPORTUNITIES ETF	$221M	0.30%	Feb 16, 2023	0.63
VSDM	VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF ETF SHARES	$760M	0.12%	Nov 21, 2024	0.63
KBWY	INVESCO KBW PREMIUM YIELD EQUITY REIT ETF	$311M	0.35%	Dec 2, 2010	0.63
MFSM	MFS ACTIVE INTERMEDIATE MUNI BOND ETF	$101M	0.34%	Dec 4, 2024	0.63
SMHB	UBS AG London Branch	$21M	N/A	Nov 8, 2018	0.63
MILK	PACER US CASH COWS BOND ETF	$18M	0.49%	Dec 17, 2024	0.63
BGDV	BAHL & GAYNOR DIVIDEND ETF	$805M	0.45%	Dec 11, 2024	0.62
XSHD	INVESCO S&P SMALLCAP HIGH DIVIDEND LOW VOLATILITY ETF	$73M	0.30%	Dec 1, 2016	0.62
KNO	AXS KNOWLEDGE LEADERS ETF	$45M	0.84%	Jul 7, 2015	0.62
GAEM	Simplify Gamma Emerging Market Bond ETF	$41M	0.76%	Aug 12, 2024	0.62
GMUB	GOLDMAN SACHS MUNICIPAL INCOME ETF	$293M	0.18%	Jul 23, 2024	0.62
MORT	VANECK MORTGAGE REIT INCOME ETF	$400M	0.43%	Aug 16, 2011	0.62
BCLO	iShares BBBB CLO Active ETF	$74M	0.45%	Jan 29, 2025	0.62
JPY	LAZARD JAPANESE EQUITY ETF	$78M	0.60%	Apr 4, 2025	0.61
REM	iShares Mortgage Real Estate ETF	$548M	0.48%	May 1, 2007	0.61
INVG	GMO SYSTEMATIC INVESTMENT GRADE CREDIT ETF	$28M	0.25%	Jun 3, 2025	0.61
KBWD	INVESCO KBW HIGH DIVIDEND YIELD FINANCIAL ETF	$424M	5.39%	Dec 2, 2010	0.61
STXI	STRIVE INTERNATIONAL DEVELOPED MARKETS ETF	$24M	0.29%	Jun 25, 2024	0.61
AINP	ALLSPRING INCOME PLUS ETF	$217M	0.36%	Dec 4, 2024	0.61
SRET	GLOBAL X SUPERDIVIDEND REIT ETF	$233M	0.58%	Mar 16, 2015	0.61
PSCF	INVESCO S&P SMALLCAP FINANCIALS ETF	$27M	0.29%	Apr 7, 2010	0.61
KDEC	Innovator U.S. Small Cap Power Buffer ETF December	$84M	0.79%	Nov 29, 2024	0.61
PEY	INVESCO HIGH YIELD EQUITY DIVIDEND ACHIEVERS ETF	$1.10B	0.54%	Dec 9, 2004	0.61
RDOG	ALPS REIT DIVIDEND DOGS ETF	$11M	0.35%	May 7, 2008	0.61
GLOW	VICTORYSHARES WESTEND GLOBAL EQUITY ETF	$60M	0.72%	Jun 20, 2024	0.61
XSLV	INVESCO S&P SMALLCAP LOW VOLATILITY ETF	$243M	0.25%	Feb 15, 2013	0.61
MYMG	SPDR SSGA My2027 Municipal Bond ETF	$9.90M	0.20%	Sep 23, 2024	0.60
PEPS	PARAMETRIC EQUITY PLUS ETF	$29M	0.10%	Nov 7, 2024	0.60
IWMW	ISHARES RUSSELL 2000 BUYWRITE ETF	$56M	0.39%	Mar 14, 2024	0.60
KNOV	Innovator U.S. Small Cap Power Buffer ETF November	$111M	0.79%	Oct 31, 2024	0.60
BLTD	BLUEMONTE LONG TERM BOND ETF	$166M	0.23%	Jun 20, 2025	0.60
UPSD	APTUS LARGE CAP UPSIDE ETF	$111M	0.79%	Nov 20, 2024	0.60
TAXM	BondBloxx ETF Trust IRM TaxAware ETF for Massachusetts Residents	$36M	0.35%	Mar 11, 2025	0.60
GMNY	GOLDMAN SACHS DYNAMIC NEW YORK MUNICIPAL INCOME ETF	$39M	0.30%	Jul 23, 2024	0.60
JIII	JANUS HENDERSON INCOME ETF	$186M	0.54%	Nov 12, 2024	0.60
IWN	ISHARES RUSSELL 2000 VALUE ETF	$15B	0.24%	Jul 24, 2000	0.60
ISCV	ISHARES MORNINGSTAR SMALL-CAP VALUE ETF	$685M	0.06%	Jun 28, 2004	0.60
BNKU	Bank of Montreal	$40M	N/A	Feb 20, 2025	0.60
VTWV	VANGUARD RUSSELL 2000 VALUE INDEX FUND ETF SHARES	$1.40B	0.06%	Sep 20, 2010	0.60
EMOT	FIRST TRUST S&P 500 ECONOMIC MOAT ETF	$2.70M	0.60%	Jun 26, 2024	0.60
JETS	U.S. GLOBAL JETS ETF	$959M	0.60%	Apr 30, 2015	0.60
GFLW	VICTORYSHARES FREE CASH FLOW GROWTH ETF	$877M	0.39%	Dec 3, 2024	0.60
PMIO	PGIM MUNICIPAL INCOME OPPORTUNITIES ETF	$50M	0.25%	Jun 14, 2024	0.60
EDGE	MRBL ENHANCED EQUITY ETF	$10M	0.74%	Jan 21, 2025	0.60
TXXI	BondBloxx ETF Trust IRM TaxAware Intermediate Duration	$35M	0.35%	Mar 11, 2025	0.60
SMLV	STATE STREET(R) SPDR(R) US SMALL CAP LOW VOLATILITY INDEX ETF	$255M	0.12%	Feb 20, 2013	0.59
TAXE	T. ROWE PRICE INTERMEDIATE MUNICIPAL INCOME ETF	$174M	0.24%	Jul 9, 2024	0.59
HIBL	DIREXION DAILY S&P 500(R) HIGH BETA BULL 3X SHARES	$107M	N/A	Nov 7, 2019	0.59
RDIV	INVESCO S&P ULTRA DIVIDEND REVENUE ETF	$1.30B	0.39%	Sep 30, 2013	0.59
SAA	PROSHARES ULTRA SMALLCAP600	$31M	N/A	Jan 23, 2007	0.59