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OverviewPerformanceDividendsSplitsCorrelations
High CorrelationLow Correlation

22 Stocks and 78 ETFs for diversifying SABA (Saba Capital Income & Opportunities Fund II)

The least correlated asset to SABA (Saba Capital Income & Opportunities Fund II) is ETF HECA (HEDGEYE CAPITAL ALLOCATION ETF). The correlation is -0.7393.

Stocks that lowly correlated with SABA

SymbolName
Market cap
SectorIndustry
Correlation
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.69
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.60
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.60
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.55
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.53
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.50
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.50
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies-0.49
CMDBCostamare Bulkers Holdings Ltd$485MIndustrialsMarine Shipping-0.49
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies-0.49
ALMSAlumis Inc$3.60BHealthcareBiotechnology-0.47
JENAJena Acquisition Corporation II Class A$242MFinancial ServicesShell Companies-0.47
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.47
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.47
SHMDSCHMID Group N.V. - Class A$215MIndustrialsSpecialty Industrial Machinery-0.46
OFSSOOFS Capital Corp$341MN/AN/A-0.46
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.46
NAMMNamib Minerals.$87MBasic MaterialsGold-0.45
BUSEPFirst Busey Corp$2.21BFinancial ServicesBanks - Regional-0.45
AEBIAebi Schmidt Holding AG$971MIndustrialsFarm & Heavy Construction Machinery-0.45
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.45
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.44

ETFs that lowly correlated with SABA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.74
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.71
TAXINORTHERN TRUST INTERMEDIATE TAX-EXEMPT BOND ETF $160M0.05%Aug 18, 2025-0.69
XLVISTATE STREET(R) HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$16M0.35%Jul 29, 2025-0.66
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.64
DVXVWEBs Defined Volatility XLV ETF$480K0.89%Jul 22, 2025-0.63
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.62
LMTLDirexion Daily LMT Bull 2X ETF$8.40MN/AAug 5, 2025-0.61
MUNCNORTHERN TRUST 2045 TAX-EXEMPT DISTRIBUTING LADDER ETF $8.20M0.18%Aug 18, 2025-0.61
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.61
QALTSEI DBI MULTI-STRATEGY ALTERNATIVE ETF $194M0.80%Jun 30, 2023-0.60
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.60
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.58
TAXTNORTHERN TRUST TAX-EXEMPT BOND ETF $61M0.05%Aug 18, 2025-0.58
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.58
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.58
EVMOEATON VANCE MORTGAGE OPPORTUNITIES ETF $882M0.45%Jul 28, 1997-0.57
MUNBNORTHERN TRUST 2035 TAX-EXEMPT DISTRIBUTING LADDER ETF $14M0.18%Aug 18, 2025-0.57
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.57
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.56
NFXSDIREXION DAILY NFLX BEAR 1X SHARES $5.40M1.03%Oct 2, 2024-0.56
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.56
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.56
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.55
KGLDKurv Gold Enhanced Income ETF$97M1.00%Jul 7, 2025-0.55
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.55
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.55
MUNDNORTHERN TRUST 2055 TAX-EXEMPT DISTRIBUTING LADDER ETF $4.20M0.18%Aug 18, 2025-0.54
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.54
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.54
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.54
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.53
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.53
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.53
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.53
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.53
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.52
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.52
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.52
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.51
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.51
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.51
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.51
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.50
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.50
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.50
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.50
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.50
SBITProShares UltraShort Bitcoin ETF$219MN/AApr 1, 2024-0.50
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.49
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.49
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.49
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.49
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.49
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.49
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.48
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.48
DVINWEBs Defined Volatility XLI ETF$313K0.89%Jul 22, 2025-0.48
IAUINEOS GOLD HIGH INCOME ETF $448M0.79%Jun 4, 2025-0.48
VTELVANGUARD LONG-TERM TAX-EXEMPT BOND ETF ETF SHARES$288M0.09%May 20, 2025-0.48
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.47
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.47
MUNYVANGUARD NEW YORK TAX-EXEMPT BOND ETF ETF SHARES$447M0.09%May 20, 2025-0.47
TAXSNORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF $118M0.05%Aug 18, 2025-0.47
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.47
SGVTSCHWAB GOVERNMENT MONEY MARKET ETF $770M0.28%Jun 11, 2025-0.46
WNTRYieldMax Short MSTR Option Income Strategy ETF$81M1.00%Mar 26, 2025-0.46
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.46
AUSMAllspring Ultra Short Municipal ETF$31M0.18%Jul 7, 2025-0.46
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.45
WCPBWeitz Core Plus Bond ETF$210M0.45%Aug 12, 2025-0.45
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.45
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.44
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.44
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.44