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34 Stocks and 66 ETFs for diversifying RiverNorth Managed Duration Municipal Income Fund II (RMMZ)

The least correlated asset to RiverNorth Managed Duration Municipal Income Fund II (RMMZ) is ETF EMEM (SOPHUS CAPITAL EMERGING MARKET ETF). The correlation is -0.7942.

Stocks that lowly correlated with RMMZ

SymbolName
Market cap
SectorIndustry
Correlation
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.70
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.63
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.62
OTFBlue Owl Technology Finance Corp$4.79BFinancial ServicesAsset Management-0.57
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.56
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.53
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.51
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.50
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.49
RTACURenatus Tactical Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$77MFinancial ServicesShell Companies-0.47
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.47
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.47
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.45
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.45
SZZLSizzle Acquisition Corp II - Class A$245MFinancial ServicesShell Companies-0.45
NOEMCO2 Energy Transition Corp$73MFinancial ServicesShell Companies-0.44
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.44
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.44
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.44
RAYRaytech Holding Ltd$8.20MConsumer DefensiveHousehold & Personal Products-0.44
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.43
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.43
SDMSmart Digital Group Ltd$59MCommunication ServicesAdvertising Agencies-0.43
ARAIArrive AI Inc$15MTechnologyScientific & Technical Instruments-0.42
CVCapsoVision Inc$315MHealthcareMedical Devices-0.42
RTACRenatus Tactical Acquisition Corp I - Class A$326MFinancial ServicesShell Companies-0.41
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.41
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.41
ANSCAgriculture & Natural Solutions Acquisition Corp - Class A$377MFinancial ServicesShell Companies-0.41
NCEWNew Century Logistics (BVI) Ltd$54MIndustrialsIntegrated Freight & Logistics-0.40
DFDVDeFi Development Corp$91MFinancial ServicesAsset Management-0.39
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.39
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.37
NIQNIQ Global Intelligence plc$3.24BN/AN/A-0.37

ETFs that lowly correlated with RMMZ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
EMEMSOPHUS CAPITAL EMERGING MARKET ETF $61M0.65%May 19, 2026-0.79
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.63
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.62
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.62
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.61
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.61
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.59
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.59
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.59
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.59
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.58
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.58
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.58
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.58
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.58
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.57
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.57
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.57
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.57
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.56
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.56
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.56
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.55
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.55
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.55
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.55
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.54
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.54
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.54
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.54
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.53
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.53
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.52
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.52
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.52
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.52
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.51
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.51
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.50
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.48
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.47
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.47
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.47
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.47
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.45
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.44
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.44
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.44
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.44
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.43
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.43
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.42
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.42
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.42
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.41
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.41
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.40
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.39
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.39
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.39
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.38
YXIProShares Short FTSE China 50 -1x Shares$5M0.95%Mar 16, 2010-0.38
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.38
UPSXTRADR 2X LONG UPST DAILY ETF $33MN/AJun 9, 2025-0.38
FXPProShares UltraShort FTSE China 50 -2x Shares$7.60MN/ANov 6, 2007-0.37