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30 Stocks and 70 ETFs for diversifying NBB (Nuveen Taxable Municipal Income Fund)

The least correlated asset to NBB (Nuveen Taxable Municipal Income Fund) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7875.

Stocks that lowly correlated with NBB

SymbolName
Market cap
SectorIndustry
Correlation
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.65
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.64
CHYMChime Financial Inc - Class A$6.59BTechnologySoftware - Application-0.61
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.58
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.53
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.52
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.52
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.51
NCEWNew Century Logistics (BVI) Ltd$58MIndustrialsIntegrated Freight & Logistics-0.51
SMXTSolarMax Technology Inc$31MTechnologySolar-0.50
GIBOGIBO Holdings Ltd$42MCommunication ServicesInternet Content & Information-0.48
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.47
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.47
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.46
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.46
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.45
OTFBlue Owl Technology Finance Corp$4.94BFinancial ServicesAsset Management-0.44
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.43
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.42
DECN/A$1.05BEnergyOil & Gas Integrated-0.40
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.40
DJTWWTrump Media & Technology Group Corp Wt Exp$1.14BCommunication ServicesInternet Content & Information-0.40
BDMDBaird Medical Investment Holdings Ltd .$44MHealthcareMedical Devices-0.40
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.40
IBTAIbotta Inc - Class A$819MTechnologySoftware - Application-0.39
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.39
CSAICloudastructure Inc - Class A$8.98MTechnologySoftware - Infrastructure-0.39
FTRKFast Track Group.$8.26MCommunication ServicesEntertainment-0.38
RALRalliant Corporation$6.99BN/AN/A-0.38
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.38

ETFs that lowly correlated with NBB

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.79
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.72
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.71
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.70
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.66
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.61
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.61
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.60
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.59
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.58
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.57
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.57
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.57
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.56
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.56
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.56
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.56
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.56
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.56
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.55
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.55
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.55
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.55
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.54
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.53
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.53
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.52
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.51
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.51
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.51
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.51
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.50
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.50
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.50
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.50
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.49
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.49
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.49
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.49
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.49
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.48
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.48
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.48
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.47
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.47
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.47
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.46
YCSProShares UltraShort Yen -2x Shares$28MN/ANov 24, 2008-0.46
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.46
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.46
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.46
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.46
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.46
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.45
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.45
TOAKTWIN OAK SHORT HORIZON ABSOLUTE RETURN ETF $79M0.25%Aug 19, 2024-0.45
AHLTAMERICAN BEACON AHL TREND ETF $50M0.95%Aug 30, 2023-0.44
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.44
VBILVanguard 03 Month Treasury Bill ETF$7.40B0.06%Feb 10, 2025-0.44
GMMFiShares Government Money Market ETF$110M0.20%Feb 4, 2025-0.42
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.42
VGUSVanguard UltraShort Treasury ETF$931M0.07%Feb 10, 2025-0.41
PMMFiShares Prime Money Market ETF$547M0.20%Feb 4, 2025-0.41
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.40
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.40
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.38
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.38
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.38