Looking to diversify beyond GHYG? The ETFs below have the lowest correlation with GHYG — 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 GHYG.
Best Diversifiers for GHYG
215 ETFs have low correlation with GHYG (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, down from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.36 | -0.33 | 75 | Leveraged Currency | GHYG vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 60 | Inverse Equities, Leveraged Equities | GHYG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.32 | -0.32 | 53 | Inverse Equities | GHYG vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 65 | Derivative Income | GHYG vs WNTR | |
| United States Gasoline Fund LP | -0.28 | -0.08 | 0.03 | 72 | Oil & Gas | GHYG vs UGA |
See all 2059 diversifiers for GHYG
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Diversification Analysis
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