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
241 ETFs have low correlation with HYDW (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.40 | -0.41 | 51 | Currency | HYDW vs UUP | |
| ProShares UltraShort Yen | -0.41 | -0.27 | -0.26 | 72 | Leveraged Currency | HYDW vs YCS | |
| Invesco DB Energy Fund | -0.37 | -0.12 | 0.03 | 53 | Oil & Gas | HYDW vs DBE | |
| United States Gasoline Fund LP | -0.37 | -0.11 | 0.03 | 78 | Oil & Gas | HYDW vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.05 | 0.08 | 51 | Commodities | HYDW vs GSG |
See all 2047 diversifiers for HYDW
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