Overview Performance Dividends Correlations

31 Stocks and 69 ETFs for diversifying HYI (Western Asset High Yield Defined Opportunity Fund)

The least correlated asset to HYI (Western Asset High Yield Defined Opportunity Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8752.

Stocks that lowly correlated with HYI

Symbol	Name	Market cap	Sector	Industry	Correlation
OFSSO	OFS Capital Corp	$341M	N/A	N/A	-0.74
ORIQU	Origin Investment Corp I - Units (1 Ord Cls & 1/2 War)	$22M	Financial Services	Shell Companies	-0.62
VNMEW	Vendome Acquisition Corporation I Warrant	$2.70M	N/A	N/A	-0.60
SSEAU	Starry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)	$19M	Financial Services	Shell Companies	-0.60
SOCAU	Solarius Capital Acquisition Corp Units	$179M	Financial Services	Shell Companies	-0.58
HOND	HCM II Acquisition Corp. Class A Ordinary Shares	$519M	Financial Services	Shell Companies	-0.58
TVAIR	Thayer Ventures Acquisition Corporation II Rights	$166K	N/A	N/A	-0.58
PACH	Pioneer Acquisition I Corp - Class A	$260M	Financial Services	Shell Companies	-0.56
VNMEU	Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)	$52M	Financial Services	Shell Companies	-0.55
PROP	Prairie Operating Co. Common Stock	$60M	Energy	Oil & Gas E&p	-0.55
KCHV	Kochav Defense Acquisition Corp - Class A	$263M	Financial Services	Shell Companies	-0.55
RYOJ	rYojbaba Co. Ltd	$51M	Industrials	Consulting Services	-0.54
INACR	Indigo Acquisition Corp Right	$448K	N/A	N/A	-0.52
DFSC	DEFSEC Technologies Inc Com	$3.99M	Industrials	Aerospace & Defense	-0.51
GTERR	Globa Terra Acquisition Corporation Rights	$407K	N/A	N/A	-0.50
TACH	Titan Acquisition Corp - Class A	$288M	Financial Services	Shell Companies	-0.50
PLMKU	Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)	$213M	Financial Services	Shell Companies	-0.49
ELOG	Eastern International Ltd	$9.59M	Industrials	Integrated Freight & Logistics	-0.48
GTERU	Globa Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)	$53M	Financial Services	Shell Companies	-0.48
CTW	CTW Cayman - Class A	$147M	Communication Services	Electronic Gaming & Multimedia	-0.47
MAMK	MaxsMaking Inc - Class A	$195M	Industrials	Conglomerates	-0.47
HBNB	Hotel101 Global Holdings Corp	$1.31B	Real Estate	Real Estate Services	-0.47
NUTR	Nusatrip Inc	$174M	Consumer Cyclical	Travel Services	-0.46
CRAQ	Cal Redwood Acquisition Corp	$320M	Financial Services	Shell Companies	-0.45
HONDU	HCM II Acquisition Corp Unit	$483M	Financial Services	Shell Companies	-0.45
HVMCU	Highview Merger Corp - Units (1 Ord Cls A & 1/2 War)	$52M	Financial Services	Shell Companies	-0.44
NUAI	New Era Energy & Digital Inc	$221M	Technology	Software - Infrastructure	-0.43
CCCX	Churchill Capital Corp X - Class A	$570M	Financial Services	Shell Companies	-0.42
TE-WS	T1 Energy Inc Wt Exp	$19M	N/A	N/A	-0.42
NPAC	New Providence Acquisition Corp III - Class A	$398M	Financial Services	Shell Companies	-0.42
CV	CapsoVision Inc	$315M	Healthcare	Medical Devices	-0.41

ETFs that lowly correlated with HYI

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.88
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.82
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.82
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.81
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.80
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.80
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.80
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.80
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.79
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.79
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.78
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.78
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.78
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.77
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.77
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.77
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.77
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.77
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.77
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.76
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.76
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.75
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.75
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.73
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.73
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.72
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.72
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.71
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.71
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.71
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.69
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.69
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.68
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.68
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.65
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.65
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.63
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.63
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.62
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.62
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.61
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.58
WTID	Bank of Montreal	$18M	N/A	Feb 16, 2023	-0.57
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	$131M	N/A	May 28, 2015	-0.56
DUG	ProShares UltraShort Energy	$27M	N/A	Jan 30, 2007	-0.56
BESF	BASTION ENERGY ETF	$33M	0.80%	Jun 3, 2025	-0.55
ERY	DIREXION DAILY ENERGY BEAR 2X SHARES	$49M	N/A	Nov 6, 2008	-0.55
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.54
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.51
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.50
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.49
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3.20M	N/A	Jun 16, 2009	-0.48
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	$895M	N/A	Nov 24, 2008	-0.48
RXD	ProShares UltraShort Health Care -2x Shares	$3.20M	N/A	Jan 30, 2007	-0.48
CRCG	LEVERAGE SHARES 2X LONG CRCL DAILY ETF	$67M	N/A	Aug 8, 2025	-0.47
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	$25M	N/A	Aug 8, 2025	-0.47
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.47
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.47
RISR	FOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF	$274M	1.04%	Sep 30, 2021	-0.45
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$29M	N/A	Jul 16, 2009	-0.45
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.45
RBIL	F/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF	$139M	0.17%	Feb 24, 2025	-0.45
OILD	Bank of Montreal	$53M	N/A	Nov 8, 2021	-0.45
KMLM	KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF	$298M	0.90%	Dec 1, 2020	-0.44
PFIX	SIMPLIFY INTEREST RATE HEDGE ETF	$176M	0.50%	May 10, 2021	-0.44
SDP	ProShares UltraShort Utilities -2x Shares	$3.90M	N/A	Jan 30, 2007	-0.44
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.44
USDU	WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND	$433M	0.51%	Dec 18, 2013	-0.43
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.43