Looking to diversify beyond HYGH? The ETFs below have historically moved differently from HYGH, 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 HYGH
517 ETFs have low correlation with HYGH (below 0.3), 102 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | HYGH vs SBIT | |
| ProShares Short Bitcoin ETF | -0.41 | -0.32 | — | 61 | Cryptocurrency | HYGH vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | HYGH vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | HYGH vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 75 | Derivative Income | HYGH vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYGH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.01 | 0.13 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.11 | 0.09 | 0.21 | 84 | Energy | |
| Agree Realty Corporation | -0.11 | 0.08 | 0.19 | 68 | Real Estate | |
| ConocoPhillips Company | -0.04 | 0.08 | 0.20 | 72 | Energy | |
| Monster Beverage Corporation | 0.01 | 0.12 | 0.28 | 94 | Consumer Defensive |
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