Looking to diversify beyond HYBL? The ETFs below have historically moved differently from HYBL, 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 HYBL
341 ETFs have low correlation with HYBL (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 |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 61 | Inverse Equities, Leveraged Equities | HYBL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 52 | Inverse Equities | HYBL vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYBL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | — | 61 | Cryptocurrency | HYBL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | HYBL vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYBL, 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 Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of 0.42, roughly unchanged from 0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | 0.42 | 0.37 | — | 70 | Industrials |
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