Looking to diversify beyond HOYY? The ETFs below have the lowest correlation with HOYY — 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 HOYY.
Best Diversifiers for HOYY
458 ETFs have low correlation with HOYY (below 0.3), 82 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.13 | -0.13 | -0.13 | 65 | Oil & Gas | HOYY vs BNO | |
| Brookstone Ultra-Short Bond ETF | -0.12 | -0.12 | -0.12 | 98 | Ultrashort Bond | HOYY vs BAMU | |
| iShares Diversified Commodity Swap UCITS ETF | -0.12 | -0.12 | -0.12 | 83 | Commodities | HOYY vs ISCMF | |
| ClearShares Ultra-Short Maturity ETF | -0.11 | -0.11 | -0.11 | 100 | Ultrashort Bond | HOYY vs OPER | |
| United States 12 Month Oil Fund LP | -0.11 | -0.11 | -0.11 | 56 | Oil & Gas | HOYY vs USL |
See all 2081 diversifiers for HOYY
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Diversification Analysis
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