Looking to diversify beyond HYBI? The ETFs below have the lowest correlation with HYBI — 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 HYBI.
Best Diversifiers for HYBI
224 ETFs have low correlation with HYBI (below 0.3), 73 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 68 | Inverse Equities, Leveraged Equities | HYBI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 60 | Inverse Equities | HYBI vs SMST | |
| Invesco DB US Dollar Index Bullish Fund | -0.43 | — | — | 51 | Currency | HYBI vs UUP | |
| ProShares Short Bitcoin ETF | -0.43 | -0.39 | -0.39 | 57 | Cryptocurrency | HYBI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HYBI vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYBI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYBI and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.15 | — | — | 70 | Energy | |
| RTX Corporation | 0.24 | — | — | 81 | Industrials | |
| The AES Corporation | 0.30 | — | — | 68 | Utilities | |
| PIMCO Dynamic Income Opportunities Fund | 0.32 | — | — | 69 | Financial Services | |
| General Electric Company | 0.36 | — | — | 78 | Industrials |
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Build a portfolio that complements HYBI
Add HYBI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYBI