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30 Stocks and 70 ETFs for diversifying LEO (BNY Mellon Strategic Municipals)

The least correlated asset to LEO (BNY Mellon Strategic Municipals) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.762.

Stocks that lowly correlated with LEO

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.64
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.58
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.57
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.55
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.55
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.54
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.52
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.51
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.48
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.46
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.44
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.42
DECN/A$1.05BEnergyOil & Gas Integrated-0.42
ATPCAgape ATP Corp$2.85MConsumer DefensivePackaged Foods-0.42
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.41
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.41
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.40
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.40
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.40
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.40
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.39
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.39
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.38
SMXTSolarMax Technology Inc$31MTechnologySolar-0.37
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.37
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.37
DXYZDestiny Tech100 Inc$629MFinancial ServicesAsset Management-0.37
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.36
DMAADrugs Made In America Acquisition Corp$244MFinancial ServicesShell Companies-0.35
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.35

ETFs that lowly correlated with LEO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.76
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.74
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.73
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.72
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.67
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.66
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.66
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.62
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.61
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.61
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.61
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.61
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.60
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.60
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.60
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.59
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.58
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.58
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.58
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.58
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.58
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.58
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.58
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.57
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.57
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.57
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.57
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.56
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.56
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.56
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.56
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.56
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.55
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.55
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.54
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.53
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.53
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.53
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.53
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.52
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.51
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.51
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.51
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.50
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.50
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.48
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.48
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.48
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.47
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.47
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.46
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.46
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.45
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.45
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.45
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.45
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.44
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.44
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.44
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.44
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.44
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.44
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.43
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.39
BTRNGLOBAL X BITCOIN TREND STRATEGY ETF $1.90M0.95%Mar 20, 2024-0.39
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.39
DULLBank of Montreal$15MN/AFeb 21, 2023-0.38
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.35