29 Stocks and 71 ETFs for diversifying MMD (MainStay MacKay DefinedTerm Municipal Opportunities Fund)
The least correlated asset to MMD (MainStay MacKay DefinedTerm Municipal Opportunities Fund) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.6748.
Stocks that lowly correlated with MMD
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.66 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.60 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.53 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.51 |
| RECT | Rectitude Holdings Ltd | $19M | Consumer Cyclical | Specialty Retail | -0.51 |
| JEM | 707 Cayman Holdings Ltd | $1.99M | Consumer Cyclical | Apparel Retail | -0.48 |
| NUKKW | Nukkleus Inc - Warrants (22/12/2028) | $1.41B | N/A | N/A | -0.46 |
| ETOR | Etoro Group Ltd - Class A | $3.64B | Financial Services | Capital Markets | -0.45 |
| HTLM | HomesToLife Ltd | $157M | Consumer Cyclical | Specialty Retail | -0.45 |
| STFS | Star Fashion Culture Holdings Ltd - Class A | $903K | Communication Services | Advertising Agencies | -0.45 |
| PTLE | PTL Ltd | $70M | Consumer Cyclical | Specialty Retail | -0.45 |
| NYAX | Nayax Ltd | $3.09B | Technology | Software - Infrastructure | -0.44 |
| PRZO | ParaZero Technologies Ltd | $11M | Industrials | Aerospace & Defense | -0.44 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.43 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.43 |
| SMXT | SolarMax Technology Inc | $31M | Technology | Solar | -0.42 |
| UMAC | Unusual Machines Inc | $900M | Technology | Computer Hardware | -0.41 |
| CHYM | Chime Financial Inc - Class A | $6.59B | Technology | Software - Application | -0.41 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.41 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.40 |
| FRBNU | Forbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War) | $316M | N/A | N/A | -0.40 |
| IPXXU | USA Rare Earth Inc - Units (1 Ord Class A & 1/2 Warr) | $66M | N/A | N/A | -0.39 |
| SLDE | Slide Insurance Holdings Inc | $2.20B | Financial Services | Insurance - Property & Casualty | -0.39 |
| OSTX | OS Therapies Inc | $74M | Healthcare | Biotechnology | -0.39 |
| DXYZ | Destiny Tech100 Inc | $629M | Financial Services | Asset Management | -0.38 |
| NDACU | NightDragon Acquisition Corp - Units (1 Ord Share Class A & 1/5 War) | $444M | N/A | N/A | -0.38 |
| SHLT | SHL Telemedicine Ltd ADR | $39M | Healthcare | Health Information Services | -0.38 |
| RBRK | Rubrik Inc - Class A | $13B | Technology | Software - Infrastructure | -0.37 |
| EXE | Chesapeake Energy Corp - New | $22B | Energy | Oil & Gas E&p | -0.37 |