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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 707 Cayman (JEM). The correlation is -0.7441.

Stocks that lowly correlated with PMO

SymbolName
Market cap
SectorIndustry
Correlation
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.74
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.64
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.60
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.58
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.58
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.57
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.56
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.55
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.54
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.51
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.51
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.50
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.49
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.48
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.45
DMAADrugs Made In America Acquisition Corp$244MFinancial ServicesShell Companies-0.44
UYSCUY Scuti Acquisition Corp$73MFinancial ServicesShell Companies-0.42
RAYRaytech Holding Ltd$9.91MConsumer DefensiveHousehold & Personal Products-0.41
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.41
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.40
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.39
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.39
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.38
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.38
GSHRGesher Acquisition Corp II - Class A$155MFinancial ServicesShell Companies-0.38
CBIOCrescent Biopharma Inc$573MHealthcareBiotechnology-0.38
SHLTSHL Telemedicine Ltd ADR$39MHealthcareHealth Information Services-0.36
SMXTSolarMax Technology Inc$31MTechnologySolar-0.36

ETFs that lowly correlated with PMO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.65
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.64
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.64
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.63
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.62
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.56
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.55
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.54
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.53
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.53
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.53
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.53
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.53
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.52
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.52
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.51
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.51
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.51
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.51
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.51
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.51
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.50
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.50
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.50
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.50
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.50
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.50
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.50
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.50
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.49
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.49
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.49
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.49
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.49
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.48
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.48
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.48
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.48
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.47
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.47
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.47
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.47
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.46
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.46
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.46
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.46
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 $68M0.92%Nov 5, 2021-0.45
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.45
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.45
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.45
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.44
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.44
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.44
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.44
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.44
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.44
MSIIREX MSTR GROWTH & INCOME ETF $4.40MN/AJun 3, 2025-0.42
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.41
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $11MN/AJun 9, 2025-0.41
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.40
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.40
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.40
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.40
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.39
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.38
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.37
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.37
PMMFiShares Prime Money Market ETF$547M0.20%Feb 4, 2025-0.37
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.36