Looking to diversify beyond EUHY? The ETFs below have the lowest correlation with EUHY — 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 EUHY.
Best Diversifiers for EUHY
319 ETFs have low correlation with EUHY (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.44 | -0.41 | 72 | Leveraged Currency | EUHY vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.11 | 0.04 | 57 | Oil & Gas | EUHY vs DBE | |
| United States Gasoline Fund LP | -0.30 | -0.10 | 0.03 | 82 | Oil & Gas | EUHY vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.02 | 0.11 | 56 | Commodities | EUHY vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.24 | -0.01 | -0.01 | 55 | Commodities | EUHY vs DCMT |
See all 2061 diversifiers for EUHY
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Diversification Analysis
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