Looking to diversify beyond HYD? The ETFs below have the lowest correlation with HYD — 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 HYD.
Best Diversifiers for HYD
1312 ETFs have low correlation with HYD (below 0.3), 89 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.33, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.33 | -0.32 | -0.32 | 51 | Currency | HYD vs UUP | |
| Invesco DB Energy Fund | -0.30 | -0.17 | -0.06 | 53 | Oil & Gas | HYD vs DBE | |
| ProShares UltraShort Yen | -0.30 | -0.34 | -0.33 | 72 | Leveraged Currency | HYD vs YCS | |
| United States Gasoline Fund LP | -0.28 | -0.15 | -0.05 | 78 | Oil & Gas | HYD vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.14 | -0.04 | 51 | Commodities | HYD vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYD and solid risk/return profiles. The least correlated is EZCORP, Inc. (EZPW) (Financial Services) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EZCORP, Inc. | 0.09 | 0.04 | 0.07 | 97 | Financial Services | |
| Jazz Pharmaceuticals plc | 0.17 | 0.11 | 0.12 | 98 | Healthcare | |
| Eli Lilly and Company | 0.19 | 0.10 | 0.12 | 80 | Healthcare | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.41 | 0.53 | 0.53 | 79 | Financial Services |
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