Looking to diversify beyond HYFI? The ETFs below have the lowest correlation with HYFI — 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 HYFI.
Best Diversifiers for HYFI
206 ETFs have low correlation with HYFI (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, roughly unchanged from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.27 | — | 75 | Leveraged Currency | HYFI vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.34 | -0.34 | 60 | Inverse Equities, Leveraged Equities | HYFI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | -0.36 | — | 65 | Derivative Income | HYFI vs WNTR | |
| United States Gasoline Fund LP | -0.28 | -0.08 | — | 72 | Oil & Gas | HYFI vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.23 | -0.02 | — | 51 | Commodities | HYFI vs PDBC |
See all 1827 diversifiers for HYFI
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