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22 Stocks and 78 ETFs for diversifying RiverNorth Flexible Municipal Income Fund II (RFMZ)

The least correlated asset to RiverNorth Flexible Municipal Income Fund II (RFMZ) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with RFMZ

SymbolName
Market cap
SectorIndustry
Correlation
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.60
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.57
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.55
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.53
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.51
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.47
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.46
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.46
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.45
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.44
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.44
NOEMCO2 Energy Transition Corp$73MFinancial ServicesShell Companies-0.43
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.42
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.41
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.40
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.40
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.39
CAPSCapstone Holding Corp$2.58MBasic MaterialsBuilding Materials-0.39
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.39
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.39
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.38
CVCapsoVision Inc$315MHealthcareMedical Devices-0.37

ETFs that lowly correlated with RFMZ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.73
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.70
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.69
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.69
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.68
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.67
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.67
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.67
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.66
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.66
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.65
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.65
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.65
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.65
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.64
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.64
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.64
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.63
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.63
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.63
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.63
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.62
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.62
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.62
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.62
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.62
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.62
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.61
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.61
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.61
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.61
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.60
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.60
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.60
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.60
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.59
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.59
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.59
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.59
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.59
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.59
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.59
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.58
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.58
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.58
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.56
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.53
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.52
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.52
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.52
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.50
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.50
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.50
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.50
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.49
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.49
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.49
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.48
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.48
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.47
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.46
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.46
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.46
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.45
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.45
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.43
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.43
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.42
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.41
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.41
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.41
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.40
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.39
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, 2025-0.39
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.39
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.38