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
2075 ETFs have low correlation with HYGI (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, roughly unchanged from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.13 | — | 61 | Leveraged Currency | HYGI vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | HYGI vs CSHP | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.09 | -0.01 | — | 76 | Nontraditional Bonds | HYGI vs AGZD | |
| Invesco Dynamic Oil & Gas Services ETF | -0.09 | 0.29 | 0.36 | 81 | Energy Equities | HYGI vs PXJ | |
| Capital Group Municipal Income ETF | -0.07 | 0.29 | 0.27 | 74 | Municipal Bonds | HYGI vs CGMU |
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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 Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.04, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.04 | 0.08 | 0.10 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.06 | 0.01 | — | 83 | Financial Services |
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