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
1303 ETFs have low correlation with HYD (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.34 | -0.34 | 61 | Leveraged Currency | HYD vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.23 | — | — | 99 | Ultrashort Bond | HYD vs CSHP | |
| Bastion Energy ETF | -0.20 | — | — | 75 | Energy Equities | HYD vs BESF | |
| Fidelity Managed Futures ETF | -0.19 | — | — | 64 | Systematic Trend | HYD vs FFUT | |
| VanEck Commodity Strategy ETF | -0.19 | -0.07 | — | 55 | Commodities | HYD vs PIT |
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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 Nuveen AMT-Free Quality Municipal Income Fund (NEA) (Financial Services) with a 1Y correlation of 0.42, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Quality Municipal Income Fund | 0.42 | 0.53 | 0.53 | 79 | Financial Services |
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