30 Stocks and 70 ETFs for diversifying HIO (Western Asset High Income Opportunity Fund)
The least correlated asset to HIO (Western Asset High Income Opportunity Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8951.
Stocks that lowly correlated with HIO
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.52 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.50 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.49 |
| DFDV | DeFi Development Corp | $127M | Financial Services | Asset Management | -0.48 |
| NPAC | New Providence Acquisition Corp III - Class A | $397M | Financial Services | Shell Companies | -0.48 |
| HBNB | Hotel101 Global Holdings Corp | $1.36B | Real Estate | Real Estate Services | -0.47 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.44 |
| AZI | Autozi Internet Technology (Global) Ltd - Class A | $9.05M | Consumer Cyclical | Auto & Truck Dealerships | -0.44 |
| LGPS | LogProstyle Inc | $16M | Industrials | Conglomerates | -0.44 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.44 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.43 |
| ATPC | Agape ATP Corp | $2.85M | Consumer Defensive | Packaged Foods | -0.42 |
| FACTU | FACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War) | $56M | Financial Services | Shell Companies | -0.41 |
| NCEW | New Century Logistics (BVI) Ltd | $58M | Industrials | Integrated Freight & Logistics | -0.41 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.41 |
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.40 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.40 |
| HMR | Sports Properties Acquisition Corp | $73M | Industrials | Marine Shipping | -0.39 |
| GIBO | GIBO Holdings Ltd | $42M | Communication Services | Internet Content & Information | -0.39 |
| MACIU | Melar Acquisition Corp I - Units (1 Ord Class A & 1 War) | $197M | Financial Services | Shell Companies | -0.38 |
| CSAI | Cloudastructure Inc - Class A | $8.98M | Technology | Software - Infrastructure | -0.38 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.38 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.37 |
| SMXT | SolarMax Technology Inc | $31M | Technology | Solar | -0.37 |
| RAAQ | Real Asset Acquisition Corp - Class A | $196M | Financial Services | Shell Companies | -0.37 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.36 |
| IBTA | Ibotta Inc - Class A | $819M | Technology | Software - Application | -0.36 |
| IPCX | Inflection Point Acquisition Corp III - Class A | $261M | Financial Services | Shell Companies | -0.36 |
| HOND | HCM II Acquisition Corp. Class A Ordinary Shares | $519M | Financial Services | Shell Companies | -0.35 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.34 |