Looking to diversify beyond FHYS? The ETFs below have historically moved differently from FHYS, 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 FHYS
303 ETFs have low correlation with FHYS (below 0.3), 98 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.36 | -0.13 | — | 72 | Oil & Gas | FHYS vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.11 | — | 52 | Oil & Gas | FHYS vs BNO | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FHYS vs SBIT | |
| United States Oil Fund LP | -0.33 | -0.11 | -0.00 | 55 | Oil & Gas | FHYS vs USO | |
| ProShares UltraShort Yen | -0.33 | -0.26 | — | 56 | Leveraged Currency | FHYS vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FHYS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.06 | 0.08 | — | 90 | Consumer Defensive | |
| Chubb Limited | -0.04 | 0.07 | — | 89 | Financial Services | |
| Philip Morris International Inc. | -0.04 | 0.15 | — | 66 | Consumer Defensive | |
| W. R. Berkley Corporation | -0.02 | 0.08 | — | 56 | Financial Services | |
| AXIS Capital Holdings Limited | 0.02 | 0.14 | — | 63 | Financial Services |
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