Looking to diversify beyond EUHY? The ETFs below have historically moved differently from EUHY, 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 EUHY
395 ETFs have low correlation with EUHY (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.45 | -0.41 | 59 | Leveraged Currency | EUHY vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.12 | 0.03 | 66 | Oil & Gas | EUHY vs DBE | |
| Invesco DB Oil Fund | -0.32 | -0.12 | 0.04 | 51 | Oil & Gas | EUHY vs DBO | |
| United States Gasoline Fund, LP | -0.29 | -0.10 | 0.02 | 83 | Oil & Gas | EUHY vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.03 | 0.10 | 61 | Commodities | EUHY vs GSG |
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