Looking to diversify beyond EVHY? The ETFs below have the lowest correlation with EVHY — 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 EVHY.
Best Diversifiers for EVHY
174 ETFs have low correlation with EVHY (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, down from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.28 | -0.28 | 63 | Leveraged Currency | EVHY vs YCS | |
| United States Gasoline Fund LP | -0.35 | -0.13 | -0.13 | 55 | Oil & Gas | EVHY vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | EVHY vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | — | — | 99 | Ultrashort Bond | EVHY vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.05 | -0.05 | 75 | Commodities | EVHY vs FAAR |
See all 1943 diversifiers for EVHY
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