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22 Stocks and 78 ETFs for diversifying OVM (OVERLAY SHARES MUNICIPAL BOND ETF)

The least correlated asset to OVM (OVERLAY SHARES MUNICIPAL BOND ETF) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with OVM

SymbolName
Market cap
SectorIndustry
Correlation
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-1.00
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.68
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.65
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.59
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.53
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.53
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.52
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.50
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.49
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.48
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.48
PCLNPriceline.com Inc$906MN/AN/A-0.48
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.46
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.46
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.44
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.44
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.43
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.42
ZYBTZhengye Biotechnology Holding Ltd$41MHealthcareDrug Manufacturers - Specialty & Generic-0.41
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.40
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.40
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.40

ETFs that lowly correlated with OVM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.81
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.76
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.76
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.76
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.75
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.75
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.74
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.74
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.74
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.74
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.73
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.72
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.71
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.71
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.71
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.71
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.71
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.69
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.69
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.69
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.69
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.69
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.68
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.68
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.68
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.67
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.66
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.66
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.66
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.66
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.65
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.65
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.65
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.65
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.64
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.63
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.62
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.62
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.61
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.60
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.59
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.59
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.58
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.58
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.57
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.56
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.56
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.56
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.55
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.55
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.53
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.52
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.52
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.51
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.50
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.49
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.49
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.49
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.49
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.49
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.48
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.48
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.48
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.47
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.47
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.47
FNGDBank of Montreal$68MN/AJan 22, 2018-0.47
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.46
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.45
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.44
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.43
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.43
GLDWROUNDHILL GOLD WEEKLYPAY ETF $25MN/AOct 29, 2025-0.42
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.41
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.40
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.40