Looking to diversify beyond HYDW? The ETFs below have the lowest correlation with HYDW — 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 HYDW.
Best Diversifiers for HYDW
202 ETFs have low correlation with HYDW (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.27 | -0.26 | 61 | Leveraged Currency | HYDW vs YCS | |
| VanEck Commodity Strategy ETF | -0.25 | -0.01 | — | 55 | Commodities | HYDW vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.22 | — | — | 99 | Ultrashort Bond | HYDW vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.21 | -0.04 | -0.04 | 70 | Commodities | HYDW vs FAAR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | HYDW vs RBIL |
See all 2066 diversifiers for HYDW
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