Looking to diversify beyond HYBL? The ETFs below have the lowest correlation with HYBL — 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 HYBL.
Best Diversifiers for HYBL
246 ETFs have low correlation with HYBL (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, down from -0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.19 | — | 61 | Leveraged Currency | HYBL vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.18 | — | — | 99 | Ultrashort Bond | HYBL vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.02 | — | 100 | Ultrashort Bond | HYBL vs SGOV | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | HYBL vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | HYBL vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYBL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYBL and solid risk/return profiles. The least correlated is Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of 0.40, roughly unchanged from 0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | 0.40 | 0.35 | — | 78 | Industrials |
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