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
527 ETFs have low correlation with HOYY (below 0.3), 68 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.56, roughly unchanged from -0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.56 | -0.56 | -0.56 | 69 | Derivative Income | HOYY vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | -0.17 | -0.17 | 97 | Inflation-Protected Bonds | HOYY vs RBIL | |
| Invesco DB Energy Fund | -0.16 | -0.16 | -0.16 | 58 | Oil & Gas | HOYY vs DBE | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.15 | -0.15 | 100 | Government Bonds, Ultrashort Bond | HOYY vs USFR | |
| United States Gasoline Fund LP | -0.15 | -0.15 | -0.15 | 84 | Oil & Gas | HOYY vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HOYY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOYY and solid risk/return profiles. The least correlated is Robinhood Markets, Inc. (HOOD) (Financial Services) with a 1Y correlation of 0.88, roughly unchanged from 0.88 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Robinhood Markets, Inc. | 0.88 | 0.88 | 0.88 | 54 | Financial Services |
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