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32 Stocks and 68 ETFs for diversifying VKI (Invesco Advantage Municipal Income Trust II)

The least correlated asset to VKI (Invesco Advantage Municipal Income Trust II) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.7489.

Stocks that lowly correlated with VKI

SymbolName
Market cap
SectorIndustry
Correlation
JEM707 Cayman Holdings Ltd$1.99MConsumer CyclicalApparel Retail-0.72
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.71
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.69
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.68
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.61
CBIOCrescent Biopharma Inc$573MHealthcareBiotechnology-0.56
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.54
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.53
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.49
UYSCUY Scuti Acquisition Corp$73MFinancial ServicesShell Companies-0.48
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.47
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.47
RDAGURepublic Digital Acquisition Co. - Units (1 Ord Cls A & 1/2 War)$42MFinancial ServicesShell Companies-0.46
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.46
CHYMChime Financial Inc - Class A$6.59BTechnologySoftware - Application-0.46
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.46
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.43
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.43
ASICAtegrity Specialty Holdings LLC$969MFinancial ServicesInsurance - Property & Casualty-0.42
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.41
DMAADrugs Made In America Acquisition Corp$244MFinancial ServicesShell Companies-0.41
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.41
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.41
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.41
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.41
UYSCUUY Scuti Acquisition Corp - Units (1 Ord Shs & 1 Rts)$89MFinancial ServicesShell Companies-0.40
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.40
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.39
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.39
LIMNLiminatus Pharma Inc$8.08MHealthcareBiotechnology-0.39
SMXTSolarMax Technology Inc$31MTechnologySolar-0.38
FLYEFly-E Group Inc$3MConsumer CyclicalAuto Manufacturers-0.38

ETFs that lowly correlated with VKI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.75
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.69
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.68
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.68
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.65
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.60
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.60
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.59
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.58
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.58
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.58
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.58
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.58
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.56
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.55
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.55
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.54
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.54
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.54
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.54
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.54
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.54
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.54
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.54
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.53
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.53
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.53
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.53
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.53
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.52
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.52
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.52
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.52
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.52
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.52
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.52
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.52
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.52
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.51
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.51
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.51
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.51
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.51
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.51
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.50
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.50
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.50
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.50
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.49
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.49
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.48
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.47
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.47
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.47
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.47
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.47
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.45
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.45
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.44
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.44
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.44
MSIIREX MSTR GROWTH & INCOME ETF $4.40MN/AJun 3, 2025-0.44
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.44
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.43
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.43
MSTPGRANITESHARES 2X LONG MSTR DAILY ETF $11MN/AJun 9, 2025-0.43
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.42
YCSProShares UltraShort Yen -2x Shares$28MN/ANov 24, 2008-0.40