Looking to diversify beyond HYDB? The ETFs below have the lowest correlation with HYDB — 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 HYDB.
Best Diversifiers for HYDB
190 ETFs have low correlation with HYDB (below 0.3), 65 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 | -0.41 | — | — | 60 | Inverse Equities, Leveraged Equities | HYDB vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 53 | Inverse Equities | HYDB vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 65 | Derivative Income | HYDB vs WNTR | |
| ProShares UltraShort Yen | -0.36 | -0.26 | -0.24 | 75 | Leveraged Currency | HYDB vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.08 | 0.04 | 72 | Oil & Gas | HYDB vs UGA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYDB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYDB and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.04, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.04 | 0.10 | 0.16 | 54 | Communication Services | |
| Agree Realty Corporation | 0.09 | 0.23 | 0.28 | 70 | Real Estate | |
| Oxford Lane Capital Corp. | 0.11 | 0.10 | 0.13 | 96 | Financial Services | |
| Realty Income Corporation | 0.15 | 0.29 | 0.36 | 72 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.15 | 0.05 | 0.10 | 86 | Financial Services |
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