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31 Stocks and 69 ETFs for diversifying PFO (Flaherty & Crumrine Preferred and Income Opportunity Fund)

The least correlated asset to PFO (Flaherty & Crumrine Preferred and Income Opportunity Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.7743.

Stocks that lowly correlated with PFO

SymbolName
Market cap
SectorIndustry
Correlation
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.59
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.54
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.54
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.53
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.52
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.50
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.48
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.46
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.46
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.46
SMXTSolarMax Technology Inc$20MTechnologySolar-0.44
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.44
NCEWNew Century Logistics (BVI) Ltd$54MIndustrialsIntegrated Freight & Logistics-0.43
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.41
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.41
PNSkycorp Solar Group Ltd - Series A$91MTechnologySolar-0.40
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.40
CVCapsoVision Inc$315MHealthcareMedical Devices-0.40
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.40
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.40
DECN/A$961MEnergyOil & Gas Integrated-0.40
GNLXGenelux Corp$130MHealthcareBiotechnology-0.39
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.39
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.39
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.38
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.38
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.38
APADREnhanced Group Inc$6.67MN/AN/A-0.37
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.37
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.37
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.37

ETFs that lowly correlated with PFO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.77
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.76
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.74
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.74
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.71
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.71
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.71
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.71
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.70
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.70
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.69
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.69
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.69
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.69
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.69
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.68
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.68
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.68
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.68
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.68
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.68
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.67
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.67
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.67
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.67
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.67
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.67
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.65
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.65
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.65
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.64
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.61
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.61
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.60
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.60
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.59
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.59
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.58
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.58
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.58
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.57
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.57
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.57
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.56
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.56
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.56
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.55
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.54
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.52
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.52
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.52
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.51
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.51
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.51
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.50
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.48
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.48
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.48
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.47
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.44
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.42
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.41
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.40
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.40
MMKTTEXAS CAPITAL GOVERNMENT MONEY MARKET ETF $73M0.20%Sep 24, 2024-0.39
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.39
SOFRAmplify Samsung SOFR ETF$445M0.20%Nov 14, 2023-0.38
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.38
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.37