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27 Stocks and 73 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 -0.7388.

Stocks that lowly correlated with PAI

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.61
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.54
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.50
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.47
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.46
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.45
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.44
GIBOGIBO Holdings Ltd$42MCommunication ServicesInternet Content & Information-0.43
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.42
EONRHNR Acquisition Corp$22MEnergyOil & Gas E&p-0.42
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.41
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.41
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.41
CSAICloudastructure Inc - Class A$8.98MTechnologySoftware - Infrastructure-0.40
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.40
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.39
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.39
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.38
BDMDBaird Medical Investment Holdings Ltd .$44MHealthcareMedical Devices-0.38
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.38
ATPCAgape ATP Corp$2.85MConsumer DefensivePackaged Foods-0.36
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.36
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.35
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.35
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.35
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.35
NCEWNew Century Logistics (BVI) Ltd$58MIndustrialsIntegrated Freight & Logistics-0.34

ETFs that lowly correlated with PAI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.74
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.71
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.69
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.69
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.69
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.67
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.67
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.67
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.64
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.63
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.63
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.63
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.63
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.62
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.62
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.62
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.62
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.60
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.60
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.60
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.60
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.59
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.59
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.59
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.59
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.59
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.59
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.59
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.58
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.58
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.57
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.56
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.56
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.56
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.56
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.55
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.55
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.55
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.54
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.54
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.54
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.53
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.53
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.52
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.52
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.51
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.51
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.50
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.49
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.49
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.48
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.47
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.47
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.45
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.45
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.44
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.43
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.41
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.38
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.38
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.36
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.35
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.35
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.35
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.34
YXIProShares Short FTSE China 50 -1x Shares$4.30M0.95%Mar 16, 2010-0.34
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.34
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.34
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.34
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.34
USOYDEFIANCE OIL ENHANCED OPTIONS INCOME ETF $76M1.12%May 9, 2024-0.34