Looking to diversify beyond EHY? The ETFs below have historically moved differently from EHY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EHY
571 ETFs have low correlation with EHY (below 0.3), 50 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.75, roughly unchanged from -0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.75 | -0.75 | -0.75 | 63 | Derivative Income | EHY vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.18 | -0.18 | 100 | Government Bonds, Ultrashort Bond | EHY vs USFR | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | -0.10 | -0.10 | -0.10 | 62 | Infrastructure Equities, MLPs | EHY vs MLPB | |
| Tortoise North American Pipeline Fund | -0.10 | -0.10 | -0.10 | 63 | Energy Equities | EHY vs TPYP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.10 | -0.10 | -0.10 | 98 | Inflation-Protected Bonds | EHY vs IBIC |
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