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High CorrelationLow Correlation

21 Stocks and 79 ETFs for diversifying XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust)

The least correlated asset to XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is ETF UVIX (2x Long VIX Futures ETF). The correlation is -0.7173.

Stocks that lowly correlated with XFLT

SymbolName
Market cap
SectorIndustry
Correlation
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.65
NCINeo Concept International Group Holdings Ltd$48MConsumer CyclicalApparel Manufacturing-0.62
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.61
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.58
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.52
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.51
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.50
LPAAULaunch One Acquisition Corp - Units (1 Ord Class A & 1/2 War)$251MFinancial ServicesShell Companies-0.47
HYAC-UHaymaker Acquisition Corp 4 - Units (1 Ord Class A & 1/2 War)$65MN/AN/A-0.46
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.46
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.44
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.44
TURBTurbo Energy S.A.$7.58MTechnologySolar-0.44
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.43
EONRHNR Acquisition Corp$21MEnergyOil & Gas E&p-0.43
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.43
LNKSLinkers Industries Ltd - Class A$16MIndustrialsElectrical Equipment & Parts-0.43
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.43
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.42
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.40
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.40

ETFs that lowly correlated with XFLT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.72
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.72
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.67
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.65
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.65
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.64
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.64
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.63
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.62
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.61
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.61
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.61
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.61
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.60
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.60
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.60
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.59
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.59
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.58
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.58
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.58
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.58
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, 2016-0.57
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.57
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.55
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.55
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.55
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.55
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.54
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.54
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.53
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.53
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.52
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.52
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.52
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.51
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.51
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.50
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.50
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.50
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.50
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.50
RSBYRETURN STACKED(R) BONDS & FUTURES YIELD ETF $64M1.01%Aug 20, 2024-0.49
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.49
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.49
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.49
XOMXDirexion Daily XOM Bull 2X Shares$7.80MN/AApr 22, 2025-0.49
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.48
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.48
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.48
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.47
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.47
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.47
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.47
SBITProShares UltraShort Bitcoin ETF$219MN/AApr 1, 2024-0.47
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.46
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.46
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.46
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.45
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.45
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.45
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.45
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.44
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.44
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.43
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.43
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.43
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.42
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.42
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.41
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.41
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.41
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.41
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.40
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.40
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.39
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.39