Looking to diversify beyond HYBB? The ETFs below have historically moved differently from HYBB, 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 HYBB
250 ETFs have low correlation with HYBB (below 0.3), 93 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | HYBB vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | HYBB vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYBB vs SBIT | |
| ProShares Short Bitcoin ETF | -0.38 | -0.28 | — | 61 | Cryptocurrency | HYBB vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | HYBB vs WNTR |
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