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35 Stocks and 65 ETFs for diversifying NKX (Nuveen California AMT-Free Quality Municipal Income Fund)

The least correlated asset to NKX (Nuveen California AMT-Free Quality Municipal Income Fund) is company Accelerant (ARX). The correlation is -0.7318.

Stocks that lowly correlated with NKX

SymbolName
Market cap
SectorIndustry
Correlation
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.73
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.66
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.59
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.55
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.53
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.53
CTRICenturi Holdings Inc$2.72BUtilitiesUtilities - Regulated Gas-0.52
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.51
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.51
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.50
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.49
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.48
AAPGAscentage Pharma Group International$1.87BHealthcareBiotechnology-0.48
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.48
CBION/A$432MHealthcareBiotechnology-0.47
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.46
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.46
FLYEFly-E Group Inc$3.31MConsumer CyclicalAuto Manufacturers-0.46
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.44
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.44
JEM707 Cayman Holdings Ltd$3.49MConsumer CyclicalApparel Retail-0.43
AKUSAkouos Inc$490MN/AN/A-0.43
MACIMelar Acquisition Corp I - Class A$175MFinancial ServicesShell Companies-0.42
MGRTMega Fortune Company Ltd$1.03BTechnologyInformation Technology Services-0.42
CVCapsoVision Inc$315MHealthcareMedical Devices-0.42
LOKVLive Oak Acquisition Corp V - Class A$265MFinancial ServicesShell Companies-0.42
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.41
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.41
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.40
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.39
SHLTSHL Telemedicine Ltd ADR$39MHealthcareHealth Information Services-0.39
LIMNLiminatus Pharma Inc$5.14MHealthcareBiotechnology-0.39
SFDSmithfield Foods Inc$9.74BConsumer DefensivePackaged Foods-0.39
LGCYLegacy Education Inc$149MConsumer DefensiveEducation & Training Services-0.39
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.38

ETFs that lowly correlated with NKX

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.69
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.66
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.66
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.63
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.59
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.57
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.57
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.56
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.54
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.53
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, 2007-0.53
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.52
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.52
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.52
CSHPEnhanced Short-Term Bond ETF$106M0.20%Jul 17, 2024-0.51
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.51
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.51
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.51
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.50
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.50
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.50
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.50
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.50
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.50
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.49
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.49
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.49
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.49
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.48
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.47
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.47
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.47
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.47
NFXLDIREXION DAILY NFLX BULL 2X SHARES $141MN/AOct 2, 2024-0.47
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.47
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.47
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.47
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.47
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.46
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.46
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.46
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.46
NFLUT-REX 2X LONG NFLX DAILY TARGET ETF $46MN/ASep 26, 2024-0.45
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.45
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.44
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.44
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.44
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.44
GEVXTradr 2X Long GEV Daily ETF$52MN/AJul 10, 2025-0.44
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.44
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.43
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.43
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.43
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.42
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.42
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.41
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.41
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.41
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.41
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.40
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.40
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.40
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.39
BTFXCoinShares Bitcoin Leverage ETF$12MN/AFeb 21, 2024-0.38