Looking to diversify beyond BHYB? The ETFs below have the lowest correlation with BHYB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BHYB.
Best Diversifiers for BHYB
212 ETFs have low correlation with BHYB (below 0.3), 82 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | — | — | 52 | Cryptocurrency | BHYB vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 63 | Inverse Equities | BHYB vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.39 | -0.39 | 70 | Inverse Equities, Leveraged Equities | BHYB vs MSTZ | |
| ProShares UltraShort Yen | -0.35 | — | — | 73 | Leveraged Currency | BHYB vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 73 | Derivative Income | BHYB vs WNTR |
See all 2072 diversifiers for BHYB
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Diversification Analysis
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