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OverviewPerformanceDividendsCorrelations
High CorrelationLow Correlation

39 Stocks and 61 ETFs for diversifying HFRO (Highland Opportunities and Income Fund)

The least correlated asset to HFRO (Highland Opportunities and Income Fund) is ETF WTIP (WISDOMTREE INFLATION PLUS FUND). The correlation is -0.7304.

Stocks that lowly correlated with HFRO

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.69
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.64
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.61
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.59
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.57
YOULYoulife Group Inc$41MConsumer DefensiveEducation & Training Services-0.55
KMRKKTech Solutions Company Ltd$21MConsumer CyclicalLeisure-0.51
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.50
SLDESlide Insurance Holdings Inc$2.32BFinancial ServicesInsurance - Property & Casualty-0.50
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.49
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.47
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.46
MLACMountain Lake Acquisition Corp - Class A$43MN/AN/A-0.46
TOACUTalon 1 Acquisition Corp - Units (1 Ord Class A & 1/2 War)$143MN/AN/A-0.43
LEGTLegato Merger Corp. III$197MFinancial ServicesShell Companies-0.43
HPAIHelport AI Ltd$21MTechnologySoftware - Infrastructure-0.42
TRONCorner Growth Acquisition Corp 2 - Class A$700MConsumer CyclicalLeisure-0.42
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.42
CVCapsoVision Inc$315MHealthcareMedical Devices-0.42
APADREnhanced Group Inc$6.67MN/AN/A-0.42
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.41
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.41
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.40
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.40
NLOPNet Lease Office Properties$169MReal EstateReit - Office-0.39
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.39
APUSApimeds Pharmaceuticals US Inc$8.51MHealthcareDrug Manufacturers - Specialty & Generic-0.38
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.38
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.38
ALMAlma Metals Limited$3.90BBasic MaterialsOther Industrial Metals & Mining-0.37
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.37
CEPOCantor Equity Partners I Inc - Class A$271MFinancial ServicesShell Companies-0.37
ADOCRAustralian Oilseeds Holdings Ltd$985KN/AN/A-0.37
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.36
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.36
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.35
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.35
LZMHLZ Technology Holdings Ltd - Class B$9.02MTechnologyInformation Technology Services-0.35
ARTEUArtemis Strategic Investment Corp - Units (1 Ord Share Class A & 1/2 War)$263MN/AN/A-0.35

ETFs that lowly correlated with HFRO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.73
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.55
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.54
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.54
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.52
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.51
FFUTFIDELITY MANAGED FUTURES ETF $247M0.80%Jun 3, 2025-0.51
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.51
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.50
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.50
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.49
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.49
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.48
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.48
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.48
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.48
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.47
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.47
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.47
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.47
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.47
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.47
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.47
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.47
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.46
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.46
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.45
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.45
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.45
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.45
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.44
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.44
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.44
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.43
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.43
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.43
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.43
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.42
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.42
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.42
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.42
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.42
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.41
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.40
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.40
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.39
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.39
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.38
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.38
MSTXDefiance Daily Target 2x Long MSTR ETF$151MN/AAug 14, 2024-0.37
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.37
MSTUT-REX 2X LONG MSTR DAILY TARGET ETF $291MN/ASep 17, 2024-0.37
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.37
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.37
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.37
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.37
TURFT. ROWE PRICE NATURAL RESOURCES ETF $157M0.44%Jun 11, 2025-0.36
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.36
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.36
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.35
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.35