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
165 ETFs have low correlation with HYDB (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.26 | -0.24 | 61 | Leveraged Currency | HYDB vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | — | — | 99 | Ultrashort Bond | HYDB vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | HYDB vs RBIL | |
| VanEck Commodity Strategy ETF | -0.17 | 0.03 | — | 55 | Commodities | HYDB vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.14 | -0.01 | -0.01 | 70 | Commodities | HYDB vs FAAR |
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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 0.00, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.00 | 0.12 | 0.17 | 63 | Communication Services | |
| Oxford Lane Capital Corp. | 0.08 | 0.09 | 0.13 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.17 | 0.06 | 0.11 | 83 | Financial Services | |
| Intuitive Machines Inc. | 0.36 | 0.29 | — | 76 | Industrials | |
| Apple Inc | 0.42 | 0.42 | 0.51 | 88 | Technology |
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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