Looking to diversify beyond EHY? The ETFs below have the lowest correlation with EHY — 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 EHY.
Best Diversifiers for EHY
538 ETFs have low correlation with EHY (below 0.3), 27 of which are negatively correlated. The least correlated is Brookstone Ultra-Short Bond ETF (BAMU) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.06 | -0.06 | -0.06 | 99 | Ultrashort Bond | EHY vs BAMU | |
| Global X 1-3 Month T-Bill ETF | -0.06 | -0.06 | — | 100 | Ultrashort Bond | EHY vs CLIP | |
| VanEck Energy Income ETF | -0.06 | -0.06 | -0.06 | 78 | Energy Equities | EHY vs EINC | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | -0.05 | -0.05 | -0.05 | 54 | MLPs | EHY vs MLPB | |
| Global X MLP ETF | -0.05 | -0.05 | -0.05 | 50 | MLPs | EHY vs MLPA |
See all 2108 diversifiers for EHY
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Diversification Analysis
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