Looking to balance out your exposure to HY? The ETFs below have the lowest correlation with HY — they tend to move on their own, which can help reduce risk when HY drops. The stock ideas table highlights individual companies that behave independently from HY.
No Diversifiers Found for HY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HY and solid risk/return profiles. The least correlated is International Seaways, Inc. (INSW) (Energy) with a 1Y correlation of 0.09, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | 0.09 | 0.17 | 0.20 | 95 | Energy | |
| Agnico Eagle Mines Limited | 0.17 | 0.13 | 0.14 | 66 | Basic Materials | |
| TIM S.A. | 0.19 | 0.14 | 0.16 | 71 | Communication Services | |
| Alphabet Inc. Class A | 0.19 | 0.17 | 0.22 | 96 | Communication Services | |
| Coca-Cola FEMSA, S.A.B. de C.V. | 0.23 | 0.20 | 0.22 | 56 | Consumer Defensive |
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