Looking to diversify beyond HYDB? The ETFs below have historically moved differently from HYDB, 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 HYDB
233 ETFs have low correlation with HYDB (below 0.3), 96 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 | -0.43 | — | — | 61 | Inverse Equities, Leveraged Equities | HYDB vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 52 | Inverse Equities | HYDB vs SMST | |
| ProShares Short Bitcoin ETF | -0.40 | -0.31 | — | 61 | Cryptocurrency | HYDB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYDB vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | -0.41 | -0.41 | 75 | Derivative Income | HYDB vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYDB, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.05, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.05 | 0.10 | 0.16 | 66 | Communication Services | |
| Agree Realty Corporation | 0.06 | 0.23 | 0.27 | 68 | Real Estate | |
| Oxford Lane Capital Corp. | 0.09 | 0.12 | 0.13 | 97 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.13 | 0.05 | 0.10 | 86 | Financial Services | |
| Realty Income Corporation | 0.14 | 0.29 | 0.35 | 77 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HYDB
Add HYDB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYDB