Looking to diversify beyond FHYS? The ETFs below have the lowest correlation with FHYS — 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 FHYS.
Best Diversifiers for FHYS
219 ETFs have low correlation with FHYS (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.25 | — | 61 | Leveraged Currency | FHYS vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.23 | — | — | 99 | Ultrashort Bond | FHYS vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | FHYS vs RBIL | |
| VanEck Commodity Strategy ETF | -0.18 | 0.01 | 0.06 | 55 | Commodities | FHYS vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.16 | -0.02 | -0.05 | 70 | Commodities | FHYS vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FHYS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FHYS and solid risk/return profiles. The least correlated is HCI Group, Inc. (HCI) (Financial Services) with a 1Y correlation of 0.18, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HCI Group, Inc. | 0.18 | 0.18 | 0.23 | 54 | Financial Services | |
| Eli Lilly and Company | 0.21 | 0.23 | 0.23 | 75 | Healthcare | |
| NVIDIA Corporation | 0.29 | 0.31 | 0.46 | 76 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.31 | 0.34 | 0.43 | 95 | Technology | |
| Franco-Nevada Corporation | 0.31 | 0.24 | 0.26 | 67 | Basic Materials |
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Build a portfolio that complements FHYS
Add FHYS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHYS