Looking to diversify beyond HMYY? The ETFs below have the lowest correlation with HMYY — 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 HMYY.
Best Diversifiers for HMYY
1 ETFs have low correlation with HMYY (below 0.3), 0 of which are negatively correlated. The least correlated is Main Buywrite ETF (BUYW) (Derivative Income) with a 1Y correlation of 0.17, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Main Buywrite ETF | 0.17 | 0.17 | 0.17 | 77 | Derivative Income | HMYY vs BUYW |
Diversification Analysis
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