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
385 ETFs have low correlation with HYEM (below 0.3), 34 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | HYEM vs RBIL | |
| ProShares UltraShort Yen | -0.19 | -0.12 | -0.17 | 61 | Leveraged Currency | HYEM vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | HYEM vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | HYEM vs CSHP | |
| VanEck Commodity Strategy ETF | -0.13 | 0.03 | — | 55 | Commodities | HYEM vs PIT |
To view more results, upgrade your current subscription plan.
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 -0.09, down from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.09 | 0.11 | — | 71 | Energy | |
| Merck & Co., Inc. | 0.09 | 0.09 | 0.08 | 88 | Healthcare | |
| Glaukos Corporation | 0.19 | 0.19 | 0.22 | 62 | Healthcare | |
| Hilton Worldwide Holdings Inc. | 0.25 | 0.31 | 0.34 | 84 | Consumer Cyclical | |
| Applied Materials, Inc. | 0.32 | 0.25 | 0.32 | 98 | Technology |
Build a portfolio that complements HYEM
Add HYEM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYEM