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28 Stocks and 72 ETFs for diversifying PMO (Putnam Municipal Opportunities Trust)

The least correlated asset to PMO (Putnam Municipal Opportunities Trust) is company CTW Cayman (CTW). The correlation is -0.7333.

Stocks that lowly correlated with PMO

SymbolName
Market cap
SectorIndustry
Correlation
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.73
APADREnhanced Group Inc$6.67MN/AN/A-0.68
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.66
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.61
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.55
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.53
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.53
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.53
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.51
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.51
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.49
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.49
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.47
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.47
DMAADrugs Made In America Acquisition Corp$246MFinancial ServicesShell Companies-0.46
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.45
UYSCUY Scuti Acquisition Corp$74MFinancial ServicesShell Companies-0.45
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.43
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.42
CBION/A$432MHealthcareBiotechnology-0.41
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.41
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.41
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.41
RAYRaytech Holding Ltd$8.20MConsumer DefensiveHousehold & Personal Products-0.41
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.40
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.40
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.40
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.39

ETFs that lowly correlated with PMO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.65
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.65
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.64
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.64
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.63
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.62
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.60
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.60
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.56
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.55
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.55
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.54
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.54
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.53
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.53
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.53
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.53
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.52
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.52
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.51
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.51
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.51
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.51
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.50
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.50
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.50
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.50
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.50
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.50
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.50
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.50
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.50
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $5.20MN/AJun 9, 2025-0.50
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.50
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.49
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.49
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.49
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.49
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.49
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.48
MSTWROUNDHILL MSTR WEEKLYPAY ETF $33MN/AJul 23, 2025-0.48
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.48
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.48
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.48
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.47
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.47
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.46
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.46
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.46
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/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
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.45
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.45
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.45
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.45
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.44
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.44
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.44
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.44
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.44
MSTDEFIANCE LEVERAGED LONG + INCOME MSTR ETF $12MN/AMay 1, 2025-0.43
TIPANORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF $18M0.10%Aug 18, 2025-0.42
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.41
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.41
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.41
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.40
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.40
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.40
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.40