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
270 ETFs have low correlation with FHYS (below 0.3), 81 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.36, roughly unchanged from -0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.36 | -0.36 | — | 51 | Currency | FHYS vs UUP | |
| ProShares UltraShort Yen | -0.35 | -0.25 | — | 72 | Leveraged Currency | FHYS vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.11 | — | 53 | Oil & Gas | FHYS vs DBE | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FHYS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.32 | -0.25 | -0.29 | 57 | Cryptocurrency | FHYS vs BITI |
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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 AXIS Capital Holdings Limited (AXS) (Financial Services) with a 1Y correlation of 0.02, down from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXIS Capital Holdings Limited | 0.02 | 0.14 | — | 72 | Financial Services | |
| Skyward Specialty Insurance Group Inc. Common Stoc... | 0.14 | 0.18 | — | 57 | Financial Services | |
| HCI Group, Inc. | 0.15 | 0.17 | — | 71 | Financial Services | |
| Eli Lilly and Company | 0.19 | 0.22 | — | 80 | Healthcare | |
| NVIDIA Corporation | 0.28 | 0.31 | — | 65 | Technology |
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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