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
173 ETFs have low correlation with HYBB (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.26 | -0.24 | 61 | Leveraged Currency | HYBB vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | HYBB vs RBIL | |
| VanEck Commodity Strategy ETF | -0.16 | -0.00 | — | 55 | Commodities | HYBB vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | HYBB vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | HYBB vs IBIC |
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