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
270 ETFs have low correlation with EUHY (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, down from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.45 | -0.41 | 73 | Leveraged Currency | EUHY vs YCS | |
| United States Gasoline Fund LP | -0.30 | -0.10 | 0.03 | 60 | Oil & Gas | EUHY vs UGA | |
| TCW AAA CLO ETF | -0.24 | — | — | 99 | CLO | EUHY vs ACLO | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.18 | -0.13 | -0.13 | 51 | Derivative Income | EUHY vs WNTR | |
| First Trust Alternative Absolute Return Strategy E... | -0.17 | -0.03 | 0.02 | 77 | Commodities | EUHY vs FAAR |
See all 1940 diversifiers for EUHY
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Diversification Analysis
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