Looking to diversify beyond HYEM? The ETFs below have the lowest correlation with HYEM — 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 HYEM.
Best Diversifiers for HYEM
495 ETFs have low correlation with HYEM (below 0.3), 75 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HYEM vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | -0.24 | -0.27 | 57 | Cryptocurrency | HYEM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | HYEM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 60 | Inverse Equities | HYEM vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | HYEM vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYEM and solid risk/return profiles. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.08, down from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.08 | 0.10 | — | 79 | Energy | |
| Arch Capital Group Ltd. | 0.06 | 0.11 | 0.16 | 68 | Financial Services | |
| Merck & Co., Inc. | 0.08 | 0.08 | 0.08 | 91 | Healthcare | |
| Glaukos Corporation | 0.18 | 0.18 | 0.22 | 74 | Healthcare | |
| Hilton Worldwide Holdings Inc. | 0.28 | 0.32 | 0.35 | 68 | Consumer Cyclical |
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Build a portfolio that complements HYEM
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