Looking to diversify beyond HOYY? The ETFs below have historically moved differently from HOYY, 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 HOYY
539 ETFs have low correlation with HOYY (below 0.3), 78 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.55, roughly unchanged from -0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.55 | -0.55 | -0.55 | 63 | Derivative Income | HOYY vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | HOYY vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | -0.14 | -0.14 | 98 | Inflation-Protected Bonds | HOYY vs IBIC | |
| Invesco DB Energy Fund | -0.14 | -0.14 | -0.14 | 53 | Oil & Gas | HOYY vs DBE | |
| Amplify Samsung SOFR ETF | -0.10 | -0.10 | -0.10 | 98 | Multisector Bonds | HOYY vs SOFR |
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