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
207 ETFs have low correlation with EVHY (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.40 | -0.40 | 51 | Currency | EVHY vs UUP | |
| ProShares UltraShort Yen | -0.39 | — | — | 72 | Leveraged Currency | EVHY vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.39 | -0.39 | 68 | Inverse Equities, Leveraged Equities | EVHY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.40 | -0.40 | 60 | Inverse Equities | EVHY vs SMST | |
| ProShares Short Bitcoin ETF | -0.38 | -0.30 | -0.30 | 57 | Cryptocurrency | EVHY vs BITI |
See all 2040 diversifiers for EVHY
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