Looking to diversify beyond HYBI? The ETFs below have historically moved differently from HYBI, 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 HYBI
251 ETFs have low correlation with HYBI (below 0.3), 92 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 | -0.46 | — | — | 52 | Inverse Equities | HYBI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | HYBI vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | — | — | 61 | Cryptocurrency | HYBI vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | HYBI vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYBI vs SBIT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYBI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.19 | -0.05 | -0.05 | 80 | Energy | |
| Philip Morris International Inc. | -0.05 | 0.02 | 0.02 | 66 | Consumer Defensive | |
| RTX Corporation | 0.23 | 0.23 | 0.23 | 82 | Industrials | |
| The AES Corporation | 0.30 | 0.31 | 0.31 | 64 | Utilities | |
| Trinity Capital Inc. | 0.33 | 0.38 | 0.38 | 84 | Financial Services |
To view more results, upgrade your current subscription plan.
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