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19 Stocks and 81 ETFs for diversifying XYLD (GLOBAL X S&P 500 COVERED CALL ETF)

The least correlated asset to XYLD (GLOBAL X S&P 500 COVERED CALL ETF) is ETF SH (ProShares Short S&P500 -1x Shares). The correlation is -0.8798.

Stocks that lowly correlated with XYLD

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.72
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.60
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.59
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.55
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.55
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.54
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.51
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.51
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.50
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.50
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.50
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.48
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.46
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.46
FMFCKandal M Venture Ltd - Class A$6.81MConsumer CyclicalFootwear & Accessories-0.44
LZMHLZ Technology Holdings Ltd - Class B$9.09MTechnologyInformation Technology Services-0.44
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.43
DFDVDeFi Development Corp$127MFinancial ServicesAsset Management-0.43
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.43

ETFs that lowly correlated with XYLD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.88
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.88
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.86
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.86
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.85
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.85
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.84
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.84
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.83
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.83
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.82
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.82
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.82
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.82
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.82
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.81
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.80
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.80
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.80
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.79
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.79
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.78
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.78
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.77
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.77
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.77
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.76
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.75
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.74
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.73
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.73
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.73
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.72
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.71
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.70
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.69
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.69
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.68
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.68
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.68
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.67
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.67
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.66
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.66
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.66
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.65
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.64
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.64
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.64
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.64
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.64
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.63
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.63
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.61
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.61
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.61
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.60
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.57
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.56
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.55
FPASFPA SHORT DURATION GOVERNMENT ETF $6.90M0.10%Oct 31, 2024-0.55
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.55
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.54
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.54
FNGDBank of Montreal$68MN/AJan 22, 2018-0.54
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.53
QCMDDirexion Daily QCOM Bear 1X ETF$2M1.00%Jun 24, 2025-0.52
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.52
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.52
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.52
OILDBank of Montreal$19MN/ANov 8, 2021-0.51
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.50
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.50
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.49
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.48
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.45
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.45
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.44
GGLSDIREXION DAILY GOOGL BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.44
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.43
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.42