Looking to diversify beyond HYGI? The ETFs below have historically moved differently from HYGI, 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 HYGI
2242 ETFs have low correlation with HYGI (below 0.3), 143 of which are negatively correlated. The least correlated is iShares Short-Term California Muni Active ETF (CALI) (Municipal Bonds) with a 1Y correlation of -0.17, down from 0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term California Muni Active ETF | -0.17 | 0.16 | — | 94 | Municipal Bonds | HYGI vs CALI | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.12 | 0.21 | — | 58 | Municipal Bonds | HYGI vs VTES | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.10 | 0.22 | 0.22 | 77 | Municipal Bonds | HYGI vs RVNU | |
| Capital Group Ultra Short Income ETF | -0.10 | — | — | 99 | Ultrashort Bond | HYGI vs CGUI | |
| Obra High Grade Structured Products ETF | -0.09 | 0.03 | 0.03 | 98 | Multisector Bonds | HYGI vs OGSP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HYGI, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.06, down from 0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.06 | 0.19 | — | 57 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.02 | 0.01 | — | 86 | Financial Services | |
| Agree Realty Corporation | 0.03 | 0.18 | — | 68 | Real Estate | |
| Oxford Lane Capital Corp. | 0.07 | 0.09 | 0.10 | 97 | Financial Services |
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