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57 Stocks and 43 ETFs for diversifying PMIO (PGIM MUNICIPAL INCOME OPPORTUNITIES ETF)

The least correlated asset to PMIO (PGIM MUNICIPAL INCOME OPPORTUNITIES ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with PMIO

SymbolName
Market cap
SectorIndustry
Correlation
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.85
ACSTAcasti Pharma Inc - Class A$53MN/AN/A-0.81
CPLPCapital Product Partners L P$355MN/AN/A-0.75
PLMIUPlum Acquisition Corp I - Units (1 Ord Share Class A & 1/5 War)$232MN/AN/A-0.74
TRONCorner Growth Acquisition Corp 2 - Class A$700MConsumer CyclicalLeisure-0.68
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.64
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.62
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.60
FRESFresh2 Group Limited$2.97MHealthcareDiagnostics & Research-0.60
HFFGHF Foods Group Inc$90MConsumer DefensiveFood Distribution-0.60
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.59
NEXTNextDecade Corporation$2.02BEnergyOil & Gas Equipment & Services-0.58
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.58
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.57
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.57
AILEiLearningEngines Holdings Inc - Class A$59MTechnologySoftware - Infrastructure-0.56
MCACUConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)$70MFinancial ServicesShell Companies-0.56
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.56
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.56
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.54
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.54
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.54
EPSNEpsilon Energy Ltd$166MEnergyOil & Gas E&p-0.53
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.53
XAGELongevity Health Holdings Inc$613KConsumer DefensiveHousehold & Personal Products-0.52
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.52
OPTNOptiNose Inc$112MN/AN/A-0.52
PDEXPro-Dex Inc (co)$181MHealthcareMedical Instruments & Supplies-0.52
APADREnhanced Group Inc$6.67MN/AN/A-0.52
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.52
KUKEKuke Music Holding Limited American Depositary Shares (each representing ten (10) Class A Ordinary Shares)$5.93MCommunication ServicesEntertainment-0.51
MCHBMechanics Bank$3.59BFinancial ServicesBanks - Regional-0.49
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.48
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.47
DFDVDeFi Development Corp$91MFinancial ServicesAsset Management-0.47
BIAFBioAffinity Technologies Inc$3.25MHealthcareDiagnostics & Research-0.47
SURGSurgepays Inc$7.87MCommunication ServicesTelecom Services-0.47
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.47
MNTNMNTN Inc - Class A$751MTechnologySoftware - Application-0.46
CVIIChurchill Capital Corp VII - Class A$570MFinancial ServicesShell Companies-0.45
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.44
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.44
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.44
TOIOncology Institute Inc (The)$566MHealthcareMedical Care Facilities-0.44
DMAADrugs Made In America Acquisition Corp$246MFinancial ServicesShell Companies-0.44
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.44
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.44
THTXTheratechnologies Inc$167MHealthcareBiotechnology-0.43
UPXIUpexi Inc$58MCommunication ServicesInternet Content & Information-0.42
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.42
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.42
FLYEFly-E Group Inc$3.31MConsumer CyclicalAuto Manufacturers-0.42
ANGXAngel Studios Inc - Class A$709MCommunication ServicesEntertainment-0.42
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.42
DMDesktop Metal Inc - Class A$165MN/AN/A-0.42
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.41
PEWGrabAGun Digital Holdings Inc$75MIndustrialsAerospace & Defense-0.41

ETFs that lowly correlated with PMIO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.81
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.67
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.64
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.61
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.60
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.60
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.59
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.59
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.59
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.58
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.57
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.57
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.57
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.54
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.54
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.53
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.53
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.52
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.51
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.51
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.51
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.50
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.48
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.48
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.48
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.47
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.47
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.46
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.46
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.45
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.45
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.45
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.44
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.43
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.43
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.42
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.42
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.41