Looking to diversify beyond HYGI? The ETFs below have the lowest correlation with HYGI — 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 HYGI.
Best Diversifiers for HYGI
2060 ETFs have low correlation with HYGI (below 0.3), 145 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, roughly unchanged from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.13 | — | 75 | Leveraged Currency | HYGI vs YCS | |
| Cambria Tactical Yield ETF | -0.10 | 0.01 | 0.01 | 99 | HYGI vs TYLD | ||
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | 0.04 | 0.04 | 99 | Ultrashort Bond | HYGI vs CSHP | |
| Direxion Daily NFLX Bear 1X Shares | -0.09 | — | — | 60 | Inverse Equities | HYGI vs NFXS | |
| Alternative Access First Priority CLO Bond ETF | -0.09 | -0.01 | 0.01 | 90 | CLO | HYGI vs AAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYGI and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.00, down from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.00 | 0.20 | — | 56 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.04 | 0.00 | — | 86 | Financial Services | |
| Agree Realty Corporation | 0.06 | 0.18 | 0.23 | 70 | Real Estate | |
| Oxford Lane Capital Corp. | 0.14 | 0.08 | 0.10 | 96 | Financial Services |
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