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29 Stocks and 71 ETFs for diversifying MMIT (NYLI MACKAY MUNI INTERMEDIATE ETF)

The least correlated asset to MMIT (NYLI MACKAY MUNI INTERMEDIATE ETF) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7863.

Stocks that lowly correlated with MMIT

SymbolName
Market cap
SectorIndustry
Correlation
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.78
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.68
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.67
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.65
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.64
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.61
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.59
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.59
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.58
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.56
APADREnhanced Group Inc$6.67MN/AN/A-0.54
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.53
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.50
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.49
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.46
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.45
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.45
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.45
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.45
PEWGrabAGun Digital Holdings Inc$75MIndustrialsAerospace & Defense-0.44
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.44
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.43
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.42
MNTNMNTN Inc - Class A$751MTechnologySoftware - Application-0.42
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.41
PNSkycorp Solar Group Ltd - Series A$91MTechnologySolar-0.41
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.40
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.40
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.40

ETFs that lowly correlated with MMIT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.79
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.69
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.68
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.65
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.64
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.64
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.64
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.63
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.63
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.62
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.61
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.60
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.60
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.60
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.60
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.60
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.59
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.59
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.58
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.58
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.57
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.56
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.55
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.55
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.54
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.53
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.52
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.51
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.51
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.51
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.51
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.51
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.50
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.50
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.49
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.49
YCSProShares UltraShort Yen -2x Shares$31MN/ANov 24, 2008-0.48
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.48
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.47
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.47
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.47
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.47
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.47
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.46
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.46
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.46
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.46
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.46
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.46
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.46
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.45
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.45
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.45
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.45
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.43
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.43
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.42
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $5.20MN/AJun 9, 2025-0.42
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.42
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.42
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.42
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.42
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.41
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.41
MSTWROUNDHILL MSTR WEEKLYPAY ETF $33MN/AJul 23, 2025-0.41
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.41
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.41
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.41
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.41
MSTDEFIANCE LEVERAGED LONG + INCOME MSTR ETF $12MN/AMay 1, 2025-0.40