Looking to diversify beyond HYG? The ETFs below have the lowest correlation with HYG — 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 HYG.
Best Diversifiers for HYG
175 ETFs have low correlation with HYG (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.26 | -0.25 | 63 | Leveraged Currency | HYG vs YCS | |
| United States Gasoline Fund LP | -0.31 | -0.07 | 0.05 | 55 | Oil & Gas | HYG vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | — | — | 99 | Ultrashort Bond | HYG vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | HYG vs RBIL | |
| VanEck Commodity Strategy ETF | -0.16 | 0.03 | — | 57 | Commodities | HYG 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 HYG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYG and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | 0.03 | 0.14 | 72 | Energy | |
| ConocoPhillips Company | -0.16 | 0.05 | 0.15 | 65 | Energy | |
| Chevron Corporation | -0.15 | 0.06 | 0.17 | 70 | Energy | |
| Altria Group, Inc. | -0.12 | 0.08 | 0.16 | 72 | Consumer Defensive | |
| Energy Transfer LP | -0.09 | 0.23 | 0.30 | 72 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HYG
Add HYG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYG