Looking to diversify beyond HYBB? The ETFs below have the lowest correlation with HYBB — 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 HYBB.
Best Diversifiers for HYBB
200 ETFs have low correlation with HYBB (below 0.3), 61 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.37, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.36 | -0.36 | 60 | Inverse Equities, Leveraged Equities | HYBB vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.37 | -0.37 | 53 | Inverse Equities | HYBB vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | -0.39 | -0.39 | 65 | Derivative Income | HYBB vs WNTR | |
| ProShares UltraShort Yen | -0.30 | -0.26 | -0.25 | 75 | Leveraged Currency | HYBB vs YCS | |
| United States Gasoline Fund LP | -0.30 | -0.09 | 0.03 | 72 | Oil & Gas | HYBB vs UGA |
See all 2059 diversifiers for HYBB
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