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
183 ETFs have low correlation with GHYG (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, down from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.37 | -0.33 | 61 | Leveraged Currency | GHYG vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.22 | -0.06 | -0.06 | 99 | Ultrashort Bond | GHYG vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | -0.15 | -0.15 | 97 | Inflation-Protected Bonds | GHYG vs RBIL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.17 | -0.11 | -0.03 | 100 | Government Bonds, Ultrashort Bond | GHYG vs BIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.17 | -0.03 | -0.01 | 70 | Commodities | GHYG vs FAAR |
See all 2076 diversifiers for GHYG
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Diversification Analysis
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