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
286 ETFs have low correlation with HYBL (below 0.3), 56 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 | — | — | 60 | Inverse Equities, Leveraged Equities | HYBL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 53 | Inverse Equities | HYBL vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 65 | Derivative Income | HYBL vs WNTR | |
| ProShares UltraShort Yen | -0.30 | -0.18 | — | 75 | Leveraged Currency | HYBL vs YCS | |
| United States Gasoline Fund LP | -0.15 | -0.00 | — | 72 | Oil & Gas | HYBL vs UGA |
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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 0.39, roughly unchanged from 0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | 0.39 | 0.36 | — | 73 | Industrials |
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