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OverviewPerformanceDividendsSplitsCorrelations
High CorrelationLow Correlation

38 Stocks and 62 ETFs for diversifying OPP (RiverNorth/DoubleLine Strategic opportunity fund)

The least correlated asset to OPP (RiverNorth/DoubleLine Strategic opportunity fund) is ETF REK (PROSHARES SHORT REAL ESTATE). The correlation is -0.7272.

Stocks that lowly correlated with OPP

SymbolName
Market cap
SectorIndustry
Correlation
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.63
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.62
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.61
OFSSOOFS Capital Corp$341MN/AN/A-0.59
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.58
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.56
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.56
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.55
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.54
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.54
GTERRGloba Terra Acquisition Corporation Rights$407KN/AN/A-0.52
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.52
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.50
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.48
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.47
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.47
TE-WST1 Energy Inc Wt Exp$19MN/AN/A-0.45
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.44
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.43
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.43
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.43
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$213MFinancial ServicesShell Companies-0.43
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.42
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.42
AXINAxiom Intelligence Acquisition Corp 1 - Class A$341MFinancial ServicesShell Companies-0.41
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.41
LAWRRobot Consulting Co. Ltd$158MIndustrialsConsulting Services-0.41
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.41
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.40
NUAINew Era Energy & Digital Inc$221MTechnologySoftware - Infrastructure-0.40
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.40
EDHLEverbright Digital Holding Ltd$5.88MCommunication ServicesAdvertising Agencies-0.40
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.39
HONDUHCM II Acquisition Corp Unit$483MFinancial ServicesShell Companies-0.39
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.39
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services-0.38
CVCapsoVision Inc$315MHealthcareMedical Devices-0.38
GPCRStructure Therapeutics Inc$3.53BHealthcareBiotechnology-0.38

ETFs that lowly correlated with OPP

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.73
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.72
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.71
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.66
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.65
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.65
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.64
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.64
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.63
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.63
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.63
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.63
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.62
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.62
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.61
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.61
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.61
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.61
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.61
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.60
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.60
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.60
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.59
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.59
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.59
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.59
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.58
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.58
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.57
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.57
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.55
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.55
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.55
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.54
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.54
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.54
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.53
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.52
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.52
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.52
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.51
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.49
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.48
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.48
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.45
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.45
ELILDirexion Daily LLY Bull 2X Shares$23MN/AMar 25, 2025-0.45
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.44
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.44
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.43
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.42
ASTXTradr 2X Long ASTS Daily ETF$602MN/AJul 10, 2025-0.42
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.42
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.40
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.40
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.40
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.39
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.39
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.39
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.39
DVXVWEBs Defined Volatility XLV ETF$480K0.89%Jul 22, 2025-0.38