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
185 ETFs have low correlation with BHYB (below 0.3), 56 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | — | — | 73 | Leveraged Currency | BHYB vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.41 | -0.41 | 53 | Inverse Equities | BHYB vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.40 | -0.40 | 62 | Inverse Equities, Leveraged Equities | BHYB vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | -0.41 | -0.41 | 63 | Derivative Income | BHYB vs WNTR | |
| United States Gasoline Fund LP | -0.34 | — | — | 69 | Oil & Gas | BHYB vs UGA |
See all 2063 diversifiers for BHYB
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