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29 Stocks and 71 ETFs for diversifying NAD (Nuveen Quality Municipal Income Fund)

The least correlated asset to NAD (Nuveen Quality Municipal Income Fund) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7817.

Stocks that lowly correlated with NAD

SymbolName
Market cap
SectorIndustry
Correlation
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.69
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.67
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.65
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.62
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.62
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.60
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.57
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.56
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.56
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.56
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.55
APADREnhanced Group Inc$6.67MN/AN/A-0.54
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.54
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.53
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.52
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.51
SMXTSolarMax Technology Inc$20MTechnologySolar-0.48
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.48
RAYRaytech Holding Ltd$8.20MConsumer DefensiveHousehold & Personal Products-0.47
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.46
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.45
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.45
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.45
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.44
UYSCUY Scuti Acquisition Corp$74MFinancial ServicesShell Companies-0.43
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.42
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.42
MCGAYorkville Acquisition Corp - Class A$176MFinancial ServicesShell Companies-0.41
NCEWNew Century Logistics (BVI) Ltd$54MIndustrialsIntegrated Freight & Logistics-0.41

ETFs that lowly correlated with NAD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.78
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.71
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.69
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.68
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.67
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.67
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.64
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.62
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.61
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.61
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.59
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.58
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.58
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.58
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.58
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.57
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.57
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.57
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.57
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.57
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.57
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.57
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.57
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.57
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.56
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.56
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.55
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.54
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.54
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.54
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.53
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.53
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.53
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.53
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.52
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.52
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.52
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.52
MSTWROUNDHILL MSTR WEEKLYPAY ETF $33MN/AJul 23, 2025-0.52
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.51
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.51
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.51
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.51
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $5.20MN/AJun 9, 2025-0.51
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.51
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.51
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.50
TIPANORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF $18M0.10%Aug 18, 2025-0.50
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.50
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.50
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.50
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.50
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.50
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.48
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.48
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.48
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.48
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.48
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.48
MSTDEFIANCE LEVERAGED LONG + INCOME MSTR ETF $12MN/AMay 1, 2025-0.47
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.47
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.47
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.46
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.46
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.45
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.45
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.45
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.40