Looking to diversify beyond HYFI? The ETFs below have historically moved differently from HYFI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HYFI
242 ETFs have low correlation with HYFI (below 0.3), 91 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.38, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.38 | -0.13 | — | 55 | Oil & Gas | HYFI vs USO | |
| Invesco DB Energy Fund | -0.37 | -0.13 | — | 72 | Oil & Gas | HYFI vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.12 | — | 52 | Oil & Gas | HYFI vs BNO | |
| Invesco DB Oil Fund | -0.36 | -0.12 | — | 58 | Oil & Gas | HYFI vs DBO | |
| ProShares UltraShort Yen | -0.34 | -0.27 | — | 56 | Leveraged Currency | HYFI vs YCS |
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