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29 Stocks and 71 ETFs for diversifying PAI (Western Asset Investment Grade Income Fund)

The least correlated asset to PAI (Western Asset Investment Grade Income Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.7377.

Stocks that lowly correlated with PAI

SymbolName
Market cap
SectorIndustry
Correlation
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.63
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.58
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.54
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.50
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.50
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.49
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.47
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.46
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.46
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.45
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.45
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.44
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.42
EONRHNR Acquisition Corp$21MEnergyOil & Gas E&p-0.42
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.40
OFSSOOFS Capital Corp$341MN/AN/A-0.40
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.39
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.39
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.39
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.39
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.38
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.38
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.38
BDMDBaird Medical Investment Holdings Ltd .$34MHealthcareMedical Devices-0.38
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.37
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.36
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.36
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.35
CSAICloudastructure Inc - Class A$7.44MTechnologySoftware - Infrastructure-0.35

ETFs that lowly correlated with PAI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.74
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.73
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.73
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.71
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.69
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.69
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.69
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.69
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.67
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.67
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.67
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.64
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.63
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.63
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.62
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.62
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.62
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.62
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.62
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.62
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.60
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.60
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.60
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.59
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.59
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.59
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.59
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.59
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.59
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.59
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.58
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.58
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.57
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.57
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.56
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.56
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.56
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.56
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.55
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.55
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.55
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.54
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.54
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.53
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.53
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.53
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.53
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.51
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.51
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.50
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.50
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.49
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.49
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.48
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.48
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.47
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.47
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.47
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.46
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.46
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.45
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.43
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.43
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.41
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.38
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.37
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.37
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.37
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.35
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.35
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.35