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
406 ETFs have low correlation with HOYY (below 0.3), 58 of which are negatively correlated. The least correlated is iShares iBonds Oct 2027 Term TIPS ETF (IBID) (Inflation-Protected Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.11 | -0.11 | -0.11 | 95 | Inflation-Protected Bonds | HOYY vs IBID | |
| Global X 1-3 Month T-Bill ETF | -0.11 | -0.11 | -0.11 | 100 | Ultrashort Bond | HOYY vs CLIP | |
| ClearShares Ultra-Short Maturity ETF | -0.10 | -0.10 | -0.10 | 100 | Ultrashort Bond | HOYY vs OPER | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.10 | -0.10 | 100 | Ultrashort Bond | HOYY vs SGOV | |
| Xtrackers US 0-1 Year Treasury ETF | -0.09 | -0.09 | -0.09 | 99 | Government Bonds, Ultrashort Bond | HOYY vs TRSY |
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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 0.89, roughly unchanged from 0.89 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Robinhood Markets, Inc. | 0.89 | 0.89 | 0.89 | 58 | Financial Services |
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