Looking to diversify beyond GHYB? The ETFs below have the lowest correlation with GHYB — 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 GHYB.
Best Diversifiers for GHYB
166 ETFs have low correlation with GHYB (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.25 | -0.23 | 61 | Leveraged Currency | GHYB vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | -0.21 | -0.21 | 97 | Inflation-Protected Bonds | GHYB vs RBIL | |
| VanEck Commodity Strategy ETF | -0.20 | 0.01 | 0.06 | 55 | Commodities | GHYB vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.20 | -0.07 | -0.07 | 99 | Ultrashort Bond | GHYB vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.16 | -0.00 | -0.00 | 70 | Commodities | GHYB vs FAAR |
See all 2075 diversifiers for GHYB
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GHYB
Add GHYB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GHYB