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34 Stocks and 66 ETFs for diversifying Calamos Long/Short Equity & Dynamic Income Trust (CPZ)

The least correlated asset to Calamos Long/Short Equity & Dynamic Income Trust (CPZ) is ETF JHDG (JOHN HANCOCK HEDGED EQUITY ETF). The correlation is -0.9868.

Stocks that lowly correlated with CPZ

SymbolName
Market cap
SectorIndustry
Correlation
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.72
APADREnhanced Group Inc$6.67MN/AN/A-0.70
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.69
OFSSOOFS Capital Corp$341MN/AN/A-0.63
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.63
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.62
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.59
HMRSports Properties Acquisition Corp$65MIndustrialsMarine Shipping-0.55
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.54
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.54
VNMEVendome Acquisition Corporation I$254MFinancial ServicesShell Companies-0.54
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.51
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.51
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.50
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.50
TE-WST1 Energy Inc Wt Exp$19MN/AN/A-0.49
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.49
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.48
PFAIPinnacle Food Group Ltd - Class A$43MConsumer DefensiveFarm Products-0.47
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.47
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.45
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.45
JLHLJulong Holding Ltd - Class A$219MIndustrialsBuilding Products & Equipment-0.45
UYSCUY Scuti Acquisition Corp$74MFinancial ServicesShell Companies-0.45
NCEWNew Century Logistics (BVI) Ltd$54MIndustrialsIntegrated Freight & Logistics-0.45
NMPAUNMP Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$35MFinancial ServicesShell Companies-0.45
AXINAxiom Intelligence Acquisition Corp 1 - Class A$341MFinancial ServicesShell Companies-0.45
NUAINew Era Energy & Digital Inc$221MTechnologySoftware - Infrastructure-0.44
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.43
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.42
SHLTSHL Telemedicine Ltd ADR$39MHealthcareHealth Information Services-0.42
DTSQUDT Cloud Star Acquisition Corp - Units (1Ord & 1 Rts)$75MFinancial ServicesShell Companies-0.42
BCAXBicara Therapeutics Inc$1.84BHealthcareBiotechnology-0.42
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.42

ETFs that lowly correlated with CPZ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGJOHN HANCOCK HEDGED EQUITY ETF $90M0.49%Apr 7, 2026-0.99
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.87
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.86
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.85
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.81
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.80
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.80
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.80
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.79
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.79
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.78
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.78
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.78
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.78
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.77
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.77
EMEMSOPHUS CAPITAL EMERGING MARKET ETF $61M0.65%May 19, 2026-0.77
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.76
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.76
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.75
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.74
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.74
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.72
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.72
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.71
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.71
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.70
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.70
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.70
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.69
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.69
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.69
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.69
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.67
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.65
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.64
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.64
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.64
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.64
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.63
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.63
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.62
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.60
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.58
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.57
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.57
OILDBank of Montreal$53MN/ANov 8, 2021-0.57
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.57
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.56
AMDWROUNDHILL AMD WEEKLYPAY ETF $122MN/AJul 23, 2025-0.54
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.54
CSCLDirexion Daily CSCO Bull 2X ETF$16MN/AJun 24, 2025-0.54
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.53
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.52
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.50
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.50
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.48
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.48
DVXKWEBs Defined Volatility XLK ETF$8M0.89%Jul 22, 2025-0.45
TRUTVANECK TECHNOLOGY TRUSECTOR ETF $163M0.14%Aug 20, 2025-0.44
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.44
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.44
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.43
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.43
GXPTGLOBAL X PURECAP MSCI INFORMATION TECHNOLOGY ETF $121M0.15%Jul 22, 2025-0.43