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40 Stocks and 60 ETFs for diversifying NUW (Nuveen AMT-Free Municipal Value Fund)

The least correlated asset to NUW (Nuveen AMT-Free Municipal Value Fund) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.713.

Stocks that lowly correlated with NUW

SymbolName
Market cap
SectorIndustry
Correlation
JLHLJulong Holding Ltd - Class A$457MIndustrialsBuilding Products & Equipment-0.66
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.64
HNGEHinge Health Inc - Class A$4.21BHealthcareHealth Information Services-0.63
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.61
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.60
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.59
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.58
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.57
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.57
YHNAUYHN Acquisition I Ltd - Units (1 Ord & 1 Rts)$64MFinancial ServicesShell Companies-0.57
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$69MFinancial ServicesShell Companies-0.57
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.56
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.56
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.54
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.52
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.51
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.50
DXYZDestiny Tech100 Inc$629MFinancial ServicesAsset Management-0.50
UYSCUY Scuti Acquisition Corp$73MFinancial ServicesShell Companies-0.49
RIBBRibbon Acquisition Corp$42MFinancial ServicesShell Companies-0.49
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.49
RALRalliant Corporation$6.99BN/AN/A-0.49
SMXTSolarMax Technology Inc$31MTechnologySolar-0.48
DMAADrugs Made In America Acquisition Corp$244MFinancial ServicesShell Companies-0.48
GENVRGen Digital Inc$1.02BN/AN/A-0.48
TDACUTranslational Development Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$26MFinancial ServicesShell Companies-0.48
COLAColumbus Acquisition Corp$35MFinancial ServicesShell Companies-0.48
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.47
FATNFatpipe Inc$68MTechnologySoftware - Infrastructure-0.47
HMRSports Properties Acquisition Corp$73MIndustrialsMarine Shipping-0.47
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.47
TRAKDealerTrack Technologies Inc$188MTechnologySoftware - Application-0.46
VACHUVoyager Acquisition Corp - Units (1 Ord Class A & 1/2 War)$80MFinancial ServicesShell Companies-0.44
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.43
DECN/A$1.05BEnergyOil & Gas Integrated-0.43
NCTIntercont (Cayman) Ltd$2.61MIndustrialsMarine Shipping-0.42
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.42
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.42
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.42
SHLTSHL Telemedicine Ltd ADR$39MHealthcareHealth Information Services-0.41

ETFs that lowly correlated with NUW

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.71
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.65
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.62
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.61
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.61
CSCLDirexion Daily CSCO Bull 2X ETF$5MN/AJun 24, 2025-0.60
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.58
QCMUDirexion Daily QCOM Bull 2X ETF$22MN/AJun 24, 2025-0.57
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.55
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.54
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.54
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.54
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.53
MSTYYIELDMAX(R) MSTR OPTION INCOME STRATEGY ETF $1.20B1.03%Feb 21, 2024-0.51
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.51
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.50
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.50
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.49
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.49
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.49
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.47
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.47
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.47
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.47
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.47
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.47
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.47
BTFXCoinShares Bitcoin Leverage ETF$12MN/AFeb 21, 2024-0.46
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.46
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.46
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.46
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.46
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.45
DULLBank of Montreal$15MN/AFeb 21, 2023-0.45
QBProShares Nasdaq100 Dynamic Buffer ETF$1.40M0.58%Jun 24, 2025-0.45
BTRNGLOBAL X BITCOIN TREND STRATEGY ETF $1.90M0.95%Mar 20, 2024-0.45
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.45
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.45
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.45
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.45
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.44
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.44
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.44
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.44
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.44
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.44
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.44
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.43
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.43
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.43
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.43
MSTUT-REX 2X LONG MSTR DAILY TARGET ETF $616MN/ASep 17, 2024-0.43
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.43
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.43
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.42
MSIIREX MSTR GROWTH & INCOME ETF $4.40MN/AJun 3, 2025-0.42
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.42
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $11MN/AJun 9, 2025-0.42
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.41
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.41