Looking to diversify beyond HMYY? The ETFs below have historically moved differently from HMYY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HMYY
2 ETFs have low correlation with HMYY (below 0.3), 1 of which are negatively correlated. The least correlated is FT Energy Income Partners Enhanced Income ETF (EIPI) (Derivative Income) with a 1Y correlation of -0.21, roughly unchanged from -0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Enhanced Income ETF | -0.21 | -0.21 | -0.21 | 88 | Derivative Income | HMYY vs EIPI | |
| Kurv Yield Premium Strategy Google ETF | 0.22 | 0.22 | 0.22 | 77 | Derivative Income | HMYY vs GOOP |
Diversification Analysis
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